SOURCE: Rosen Law Firm PA

December 13, 2008 11:45 ET

Investor Notice: The Rosen Law Firm Announces Filing of Securities Claims Against GSI Group, Inc. -- GSIG

NEW YORK, NY--(Marketwire - December 13, 2008) - The Rosen Law Firm today announced that a class action lawsuit has been filed on behalf of purchasers of GSI Group, Inc. (NASDAQ: GSIG) securities during the period from April 30, 2008 through December 3, 2008.

On December 4, 2008, the Company announced that it would restate its quarterly financial results for the first and second fiscal quarters of 2008. GSI disclosed that it had overstated its revenues by $8.9 million for the first quarter and $7.2 million for the second quarter of 2008. As a result of these disclosures, the Company's stock price has declined over 45%.

To join the GSI class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.

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.

If you wish to serve as lead plaintiff, you must move the Court no later than February 10, 2008. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, 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.

If you purchased GSI stock and would like further information concerning your legal rights and ability to recover your investment losses in GSI stock, or if you have any information concerning GSI's revenue reporting practices, 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.

The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.

Contact Information

  • Contact:
    Laurence Rosen, Esq.
    Email Contact
    Phillip Kim, Esq.
    Email Contact
    The Rosen Law Firm P.A.
    Tel: (212) 686-1060
    Weekends/After-hours Tel: (917) 797-4425
    Toll Free: 1-866-767-3653
    Fax: (212) 202-3827
    www.rosenlegal.com