Docstoc

The Rosen Law Firm Announces Securities Class Action On Behalf of GMX Resources, Inc. Investors - GMXR

Document Sample
The Rosen Law Firm Announces Securities Class Action On Behalf of GMX Resources, Inc. Investors - GMXR Powered By Docstoc
					The Rosen Law Firm Announces Securities Class
Action On Behalf of GMX Resources, Inc.
Investors - GMXR
May 17, 2011 02:31 PM Eastern Daylight Time 

NEW YORK--(EON: Enhanced Online News)--The Rosen Law Firm, P.A. today announced that a class action
lawsuit has been filed on behalf of investors who purchased the common stock of GMX Resources, Inc. (NYSE:
GMXR) pursuant or traceable to the company’s stock offerings on July 17, 2008, May 13, 2009 and October 22,
2009. The lawsuit seeks to recover investors’ damages from violations of the federal securities laws.

To join the GMX Resources class action, visit the Rosen Law Firm’s website at http://www.rosenlegal.com, or call
Laurence Rosen, Esq. or Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email lrosen@rosenlegal.com
or pkim@rosenlegal.com for information on the class action.

The Complaint alleges that GMX Resources violated the securities laws by issuing false financial statements to
investors in the stock offerings on July 17, 2008, May 13, 2009 and October 22, 2009. On March 11, 2010, the
company disclosed that its full year 2008 and quarterly 2009 financial statements were inaccurate and must be
restated. The company also warned that investors could no longer rely on its financial statements. GMX
subsequently restated its financial statements to correct for the method used to record full cost pool impairment
charges and related deferred income taxes. As a result of the restatement, the company’s net loss for fiscal year
2008 was $124.6 million as compared to the originally reported $81.7 million.

GMX Resources share price has declined substantially since the stock offerings and investors in the stock offerings
have suffered significant damages.

If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact
Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at
lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm’s website at
http://www.rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.

Attorney advertising: Prior results do not guarantee a similar outcome.

Contacts
The Rosen Law Firm P.A.
Laurence Rosen, Esq.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: 212-686-1060
Weekends Tel: 917-797-4425
Toll Free: 1-866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:3
posted:5/17/2011
language:English
pages:2
Description: NEW YORK--(EON: Enhanced Online News)--Rosen Law Firm Representing GMX Resources shareholders in securities class action a style='font-size: 10px; color: maroon;
EON: Enhanced Online News EON: Enhanced Online News http://eon.businesswire.com
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.