This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Law Offices Of Todd M. Garber Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against DGSE Companies Inc.

The Law Offices of Todd M. Garber announces that shareholders of DGSE Companies Inc. (“DGSE” or the “Company”) (NYSE MKT:DGSE) have until November 6, 2012 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Northern District of Texas. The lawsuit was filed on behalf of a class (the “Class”) comprising all persons or entities who purchased the common stock of DGSE between April 15, 2011 and April 17, 2012, inclusive (the “Class Period”).

DGSE, together with its subsidiaries, buys and sells jewelry, bullion products and rare coins to wholesale and retail customers in the United States. The Company offers finished jewelry, gem stones and gold jewelry components, as well as custom jewelry to order and jewelry repair services. The Complaint alleges that DGSE misrepresented and/or failed to disclose material adverse facts concerning the Company’s business, operations and prospects.

On April 16, 2012 the Company filed a Form 8-K with the Securities and Exchange Commission announcing that the Company’s financial statements for the periods ended December 31, 2007, 2008, 2009, and 2010 could no longer be relied upon -- including the interim quarterly periods between the second quarter of 2007 through and including the third quarter of 2011 -- and had to be restated.

According to the Complaint, the Form 8-K accused the Company’s then “former Chief Financial Officer” of engaging in improper accounting of inventory and other balance sheet accounts which caused the restatement. Consequently, on April 17, 2012 NYSE AMEX halted trading in DGSE stock, effectively rendering it illiquid.

If you are a member of the above-described Class, you may move the Court no later than November 6, 2012 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent Class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs