NEW YORK, July 23, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at DGSE Companies Inc. ("DGSE" or the "Company") (NYSE MKT: DGSE).
In its Form 8-K Current Report dated April 16, 2012, DGSE disclosed that its board of directors had discovered accounting irregularities beginning July 1, 2007 and continuing to April 2012 that render the Company's financial statements inaccurate. DGSE stated that the accounting irregularities were the result of improper accounting for inventory and other balance sheet accounts by its former Chief Financial Officer. These revelations prompted AMEX to halt the trade of DGSE shares.
On June 18, 2012, DGSE received written notice that the Securities and Exchange Commission was investigating the Company's accounting irregularities to determine whether federal securities laws have been violated.Request more information now by clicking here: www.faruqilaw.com/DGSE. There is no cost or obligation to you. Take ActionIf you purchased DGSE securities between August 14, 2007 and April 16, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/DGSE. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding DGSE's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter. FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor New York, NY 10017Attn: Richard Gonnello, Esq. firstname.lastname@example.org Francis McConville, Esq. email@example.com Telephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP