NEW YORK, Sept. 12, 2012 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of DGSE Companies Inc. ("DGSE" or the "Company") (NYSE MKT: DGSE), concerning whether the board has breached its fiduciary duties to shareholders.
On April 16, 2012 the Company filed a Form 8-K with the SEC disclosing that DGSE's financial statements for the years ended December 31, 2007, 2008, 2009, and 2010, as well as the quarters between the second quarter of 2007 through the third quarter of 2011, could no longer be relied upon and had to be restated.
According to the Company, a "former Chief Financial Officer" engaged in widespread improper accounting of inventory and other balance sheet accounts, leading to the restatement. Subsequently, on April 17, 2012, NYSE AMEX halted trading in DGSE stock.Current holders of DGSE shares purchased at any time may have a claim against the board for breaches of fiduciary duties, gross mismanagement, and/or abuse of control. If you own DGSE shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Robert I. Harwood, Esq. Matthew M. Houston, Esq. Benjamin Sachs-Michaels, Esq.Harwood Feffer LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400 (212)935-7400Email: email@example.com Website: http://www.hfesq.com Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm. Attorney Advertising. © 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ( www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. SOURCE Harwood Feffer LLP