Great Lakes Dredge & Dock Corporation
|Company Name||Great Lakes Dredge & Dock Corporation|
The Firm is investigating potential claims 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, 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224 or by email to firstname.lastname@example.org.
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If you suffered a loss on your Great Lakes Dredge & Dock Corporation investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
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