The Shareholders Foundation announces that an investor, who purchased shares of Global Geophysical Services, Inc. (NYSE:GGS), filed a lawsuit in the U.S. District Court for the Southern District of Texas over alleged violations of Federal Securities Laws by Global Geophysical Services, Inc. in connection with certain allegedly false and misleading statements made between April 21, 2010 through March 18, 2014.
Investors who purchased shares of Global Geophysical Services, Inc. (NYSE:GGS) and / or purchased Global Geophysical Services, Inc’s Series A preferred stock, have certain options and for certain investors are short and strict deadlines running. Deadline: May 19, 2014. NYSE:GGS investors should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of Global Geophysical Services, Inc. (NYSE:GGS) between April 21, 2010 through March 18, 2014, and also on behalf of purchasers of the Company’s Series A preferred stock from December 3, 2013 through March 18, 2014, that Global Geophysical Services, Inc. violated Securities Exchange Act of 1934.
On March 18, 2014, Global Geophysical Services, Inc announced that it is restating its annual financial statements for the years ended December 31 2009, 2010, 2011, and 2012, as well as its quarterly statements for the first three quarters of 2013.
Shares of Global Geophysical Services, Inc declined to $0.463 per share on March 18, 2014.
On March 26, 2014, Global Geophysical Services, Inc filed for bankruptcy and shares are now trading under OTCMKTS:GEGSQ.
Those who purchased shares of Global Geophysical Services, Inc. (NYSE:GGS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com