NEW YORK, May 6, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased Global Geophysical Services, Inc. ("GGS" or the "Company") (NYSE:GGS) (NYSE:GGS-PA) common stock from April 21, 2010 through March 18, 2014 and purchasers of the Company's Series A preferred stock from December 3, 2013 through March 18, 2014.
For more information, click here: http://zlk.9nl.com/global-geophysical-services-ggs.
On March 18, 2014, GGS announced it would restate its annual financial statements for the years ended December 31 2009, 2010, 2011, and 2012, as well as its quarterly financial statements for the first three quarters of 2013. For the three months ended September 30, 2013, GGS announced that the restatement would decrease revenues by $5.0 million. Following this news shares of GGS fell to a close of $0.57 per share the following day.
If you suffered a loss in GGS you have until May 19, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/global-geophysical-services-ggs.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.