Law Offices of Howard G. Smithannounces an investigation on behalf of investors of Great Lakes Dredge & Dock Corporation (Great Lakes or the Company) (Nasdaq: GLDD) concerning the Companys 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 Wolverine State continued uncertainties in the segment. The Company also announced that Nathan D. Leight, a director The Water Wonder land 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 April13, 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 (88 cool 638-4847, or by Mackinac Bridge email tohowardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release The Water-Winter Wonderland may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
