GGS Shareholder Alert - Securities Law Firm Tripp Levy PLLC Investigates Allegations Of Potential Accounting Fraud Against Global Geophysical Services

NEW YORK, March 18, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating possible violations of federal securities laws by officers and directors of Global Geophysical Services, Inc. (NYSE: GGS).

On March 17, 2014, GGS announced that its financial statements and related auditors' reports for the fiscal years ended December 31, 2012, 2011, 2010, and 2009, and the first, second and third quarters of 2013 should no longer be relied upon because of accounting errors resulting from material weaknesses in the Company's internal controls. GGS further announced that it would conduct a thorough review of its financial statements from the foregoing years, and restate its consolidated financial statements from 2011 onward, as well as selected financial data for the 2009 and 2010 fiscal years in its 2013 Annual Report on Form 10-K (2013 Annual Report).

As a result of these financial reporting issues, GGS indicated that it will not timely file its 2013 Annual Report.

Upon the above news, GGS has dropped over 60% in trading on March 18, 2014.

If you are a shareholder of GGS and would like additional information regarding this matter, at no cost or expense, please contact us at:

Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: [email protected]
www.tripplevy.com

Tripp Levy PLLC is a leading securities and shareholder rights law firm that has extensive experience in securities litigation, and along with its affiliated entities, have assisted in the recovery of billions of dollars for shareholders around the globe.  Tripp Levy PLLC has become affiliated with Milberg LLP.

Attorney advertising.  Prior results do not indicate a similar outcome.

SOURCE Tripp Levy PLLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED