On December 4, 2008, the GSI Group announced that it would restate its quarterly financial results for the first and second fiscal quarters of 2008.  GSI Group admitted 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%.

A class action has been filed to recover funds for GSI investors.

To join the class action click on the link to the right of this page.=>