SOURCE: Federman & Sherwood

December 07, 2011 12:59 ET

Federman & Sherwood Announces That a Securities Class Action Lawsuit Has Been Filed Against GMX Resources, Inc. (NYSE: GMXR)

OKLAHOMA CITY, OK--(Marketwire - Dec 7, 2011) - On March 10, 2011, a class action lawsuit was filed in the United States District Court for the Western District of Oklahoma against GMX Resources, Inc. (NYSE: GMXR). The complaint alleges violations of federal securities laws, Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, including allegations that the Defendants made a series of material misrepresentations and omissions made in its offering materials relating to its stock offerings on July 17, 2008, May 13, 2009 and October 22, 2009 to the market which had the effect of artificially inflating the market price. The class action lawsuit is pending on behalf of purchasers of GMX common stock pursuant or traceable to the Company's Stock offerings on or about July 17, 2008, May 13, 2009 and October 22, 2009.

Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Friday, February 3, 2012, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

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