Company Misrepresented Financial Condition In Annual SEC Reports, Investor Says

Mealey's (August 20, 2019, 9:21 AM EDT) -- HOUSTON — A shareholder on Aug. 18 filed a securities class action lawsuit against a provider of seismic data acquisition, logistical support and processing and integrated reservoir geosciences services and certain of its senior executives in Texas federal court, arguing that the defendants issued a series of false and misleading statements in its Securities and Exchange Commission reporting documents over a four-year period in violation of federal securities laws (John Bodin v. SAExploration Holdings Inc., et al., No. 19-3089, S.D. Texas)....

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