SOURCE: Rosen Law Firm PA

Rosen Law Firm PA

March 26, 2014 13:05 ET

EQUITY UPDATE: Rosen Law Firm Updates Global Geophysical Services, Inc. Investors on Class Action Lawsuit in Light of Bankruptcy Filing - GGS, GGS-PA

NEW YORK, NY--(Marketwired - Mar 26, 2014) -  The Rosen Law Firm issues this update on the class action against Global Geophysical Services, Inc. (NYSE: GGS) (NYSE: GGS-PA) filed on behalf of purchasers of the Company's common stock during the period from 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.

Earlier today, GGS announced it filed voluntary Chapter 11 bankruptcy petitions in the U.S. Bankruptcy Court for the Southern District of Texas. The Rosen Law Firm does not believe the bankruptcy filing will inhibit the successful progression of the class action lawsuit filed on behalf of shareholders. The Rosen Law Firm continues to encourage investors to join the class action filed by the firm in order to recover their losses.

To join the GGS class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Jonathan Horne, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or jhorne@rosenlegal.com for information on the class action. The lawsuit is pending in the U.S. District Court for the Southern District of Texas.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 19, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or jhorne@rosenlegal.com.

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

Contact Information

  • Contact Information:

    Laurence Rosen, Esq.
    Phillip Kim, Esq.
    Jonathan Horne, Esq.
    The Rosen Law Firm P.A.
    275 Madison Avenue 34th Floor
    New York, New York 10016
    Tel: (212) 686-1060
    Weekend Tel: (917) 562-8616
    Toll Free: 1-866-767-3653
    Fax: (212) 202-3827
    Email Contact
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    www.rosenlegal.com