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GEOSPACE TECHNOLOGIES INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Geospace Technologies Corporation To Contact The Firm

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NEW YORK, Nov. 24, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Geospace Technologies Corporation ("Geospace" or the "Company") (NASDAQ: GEOS).

Faruqi & Faruqi, LLP. (PRNewsfoto/Faruqi & Faruqi, LLP)

After market close on November 22, 2017, the Company filed a Form 8-K with the Securities and Exchange Commission disclosing that on November 16, 2017 the Company's Audit Committee of the Board of Directors "on the recommendation of management, and after consultation with the Company's independent registered public accounting firm, BDO USA, LLP, concluded that the Company's audited consolidated financial statements for the fiscal years ended September 30, 2016 and 2015, and the related report of the Company's independent registered public accounting firm thereon, and the unaudited consolidated financial statements for quarters ended December 31, 2016, March 31, 2017 and June 30, 2017 should no longer be relied upon because of an accounting error."  Furthermore, the Company stated that "[t]he accounting error to be addressed in the restatement relates to an error made in the classification of inventories."

If you invested in Geospace stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/GEOS.  There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.

 

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SOURCE Faruqi & Faruqi, LLP

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