DALLAS, March 31 /PRNewswire-FirstCall/ -- GAINSCO, INC. today announced net loss and net loss available to common shareholders for the fourth quarter 2007 of $11.0 million, or $0.44 per common share, basic and diluted. Net loss and net loss available to common shareholders for the twelve months ended December 31, 2007 was $18.6 million, or $0.74 per common share, basic and diluted. In the fourth quarter of 2007, the Company increased the amount of the deferred tax valuation allowance by $9.7 million, resulting in an allowance on the gross deferred tax asset of $28.7 million.....
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