SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

October 23, 2012 10:44 ET

Securities Class Action Lawsuit Filed Against DGSE Companies, Inc.; Shareholders With Large Losses Encouraged to Contact Holzer Holzer & Fistel, LLC Regarding November 6th Lead Plaintiff Deadline

ATLANTA, GA--(Marketwire - Oct 23, 2012) - A class action lawsuit has been filed on behalf of investors who purchased common stock of DGSE Companies, Inc. ("DGSE" or the "Company") (NYSE MKT: DGSE) between April 15, 2011 and April 17, 2012. The lawsuit, which was filed in the United States District Court for the Northern District of Texas, alleges that DGSE issued false and misleading statements during that time as a result of improper accounting practices. On April 16, 2012, DGSE announced that its financial statements for fiscal years 2007 through 2010 could no longer be relied on due to improper accounting of inventory and other balance sheet accounts. The following day NYSE Amex LCC halted trading of DGSE stock.

If you purchased DGSE common stock between April 15, 2011 and April 17, 2012, and suffered a net loss on those purchases you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than November 6, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Investors who are interested in serving as lead plaintiff or who have questions concerning their legal rights may contact Michael I. Fistel, Jr., Esq. ( or Marshall P. Dees, Esq. ( by email or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.