Law
Offices of Howard G. Smith announces an investigation on behalf of
investors of Great Lakes Dredge & Dock Corporation (“Great Lakes” or the
“Company”) (Nasdaq: GLDD)
concerning the Company’s and its officers’ possible violations of
federal securities laws.
On October 14, 2015, the Company announced that its Chief Legal Officer
and Senior Vice President, Maryann A. Waryjas, was resigning effective
November 10, 2015. Subsequently, on October 16, 2015, the company
revised its adjusted EBITDA guidance for the remainder of the fiscal
year due to “unanticipated project losses, delays and lower than
expected new business in the environmental & remediation segment during
the third quarter, and continued uncertainties in the segment.” The
Company also announced that Nathan D. Leight, a director and Chairman of
the Board, and Denise E. Dickins, a director and Chair of the Audit
Committee of the Company, both tendered their resignations effective
October 13, 2015, and that Jonathan W. Berger, a director and Chief
Executive Officer of the Company, notified the Board of his intention to
retire, effective April 13, 2017.
On this news, shares of Great Lakes fell by as much as $1.33 per share,
or almost 25% during intra-day trading on October 19, 2015, thereby
damaging investors.
If you purchased Great Lakes securities and have suffered a loss on your
Great Lakes securities holdings, have information or would like to learn
more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151020005525/en/
Copyright Business Wire 2015