Levi & Korsinsky, LLP announces that it has commenced an investigation
of Great Lakes Dredge & Dock Corporation (“Great Lakes Dredge & Dock” or
the “Company”) (NASDAQGS:GLDD) concerning possible violations of federal
securities laws by certain officers and directors.
On October 14, 2015, Great Lakes Dredge & Dock announced that Senior
Vice President, Chief Legal Officer and Corporate Secretary Maryann A.
Waryjas, is resigning effective November 10, 2015. Then on October 16,
2015, the Company announced that it has “initiated a process to review
potential strategic alternatives to enhance stockholder value” and that
it would withdraw its previously announced Adjusted EBITDA guidance for
the year ending December 31, 2015. Great Lakes Dredge & Dock also
announced that CEO and director Jonathan W. Berger announced his
intention to retire, effective in 2017, and that on October 13, 2015,
both Nathan D. Leight, director and Chairman of the Board, and Denise E.
Dickins, director and Chair of the Audit Committee, tendered their
resignations effective immediately. Upon this news, shares of Great
Lakes Dredge & Dock have fallen more than 20% on intraday trading on
October 19, 2015. To obtain additional information about the
investigation, go to:
http://zlk.9nl.com/great-lakes-dredge-dock
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior results
do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30
Broad Street - 24th Floor
New York, NY 10004
Tel: (212)
363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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