NEW ORLEANS, Feb. 3, 2009 (GLOBE NEWSWIRE) -- Kahn Gauthier Swick, LLC announces that it is investigating recent news that GSI Group Inc. ("GSI" or the "Company") (Nasdaq:GSIG) intends to restate its 2007 revenue based upon its audit committee's determination that GSI previously issued inaccurate interim and annual historical financial statements for 2007 that should not be relied upon.
KGS' investigation seeks to determine whether purchasers of GSI securities who bought prior to April 30, 2008 may expand the pending legal action filed in the United States District Court for the District of Massachusetts on behalf of GSI shareholders who purchased securities of the Company between April 30, 2008 and December 3, 2008.
If you have information that might assist KGS in its investigation or would like to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Managing Partner Lewis Kahn of KGS direct, toll free 1-866-467-1400, ext. 100, or by email at lewis.kahn@kgscounsel.com. KGS focuses its practice on securities fraud litigation, and the firm's lawyers have significant experience working on securities fraud cases that have resulted in significant recoveries for shareholders. For more information on KGS, please visit www.kgscounsel.com.