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Milberg LLP announces that a class action lawsuit was filed in the United States District Court for the Northern District of Texas on behalf of purchasers of DGSE Companies, Inc. (“DGSE”) common stock during the period from April 15, 2011 to April 17, 2012, (the “Class Period”).
Milberg LLP has created a website (
http://www.DGSELawsuit.com) that seeks to answer common questions about shareholder class actions.
The Complaint alleges violations of the federal securities laws against DGSE and certain if its officers and directors for issuing materially false and misleading financial information.
On April 16, 2012, DGSE filed a Form 8-K announcing that its financial statements for the periods ended December 31, 2007, 2008, 2009, and 2010 could no longer be relied upon and had to be restated. DGSE disclosed that its former Chief Financial Officer engaged in improper accounting of inventory and other balance sheet accounts. On April 17, 2012, shares of DGSE were halted by the exchange.
If you purchased DGSE shares during the Class Period, you may, no later than November 6, 2012, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a class member that represents other class members in directing the litigation. Your share in any recovery will not be affected by serving as a lead plaintiff, however, lead plaintiffs make important decisions that could affect the overall recovery for class members. You do not need to be a lead plaintiff to recover. You may retain Milberg LLP, or other attorneys, for this action, but do not need to retain counsel to recover. If this action is certified as a class action, class members will be automatically represented by Court-appointed counsel. The complaint in this action was not filed by Milberg.
Milberg LLP has represented individual and institutional investors for over four decades and serves as lead counsel in Courts throughout the United States. Visit the Milberg website (
www.milberg.com) for more information about the firm. If you wish to discuss this matter with us, please contact the following attorneys:
Andrei Rado, Esq.Milberg LLPOne Pennsylvania Plaza, 49th Fl.New York, NY 10119-0165Phone number: 800-320-5081Email:
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