According to a press release a law firm is currently on behalf GSI Group Inc. (NASDAQ: GSIG) investors investigating potential claims against GSI Group Inc (NASDAQ: GSIG) concerning possible securities violations in relation to public statements made by GSI Group Inc. between April 30, 2008 and December 3, 2008.

According to the press release the investigation focuses on GSI Group Inc.s December 4, 2008, announcement that GSI Group Inc. (NASDAQ: GSIG) intends to restate its financial statements for the first and second fiscal quarters of 2008 and that GSI Group Inc. (NASDAQ: GSIG) revealed that revenue of approximately $8,982,000 recognized in the first fiscal quarter ended March 28, 2008, and revenue of approximately $7,194,000 recognized in the second fiscal quarter ended June 27, 2008, should have been deferred until the delivery of additional equipment in accordance with EITF 00-21 Revenue Arrangements with Multiple Deliverables. GSI Group Inc. (NASDAQ: GSIG) disclosed that, as a result, the Audit Committee of the Board of Directors of GSI Group has determined that the previously issued financial statements contained in GSI Groups Quarterly Reports on Form 10-Q for the periods ended March 28, 2008 and June 27, 2008 should no longer be relied upon, so the investigation.