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Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Great Lakes Dredge & Dock Corporation

  Law Offices of Howard G. Smith Announces Investigation On Behalf of
  Investors of Great Lakes Dredge & Dock Corporation

Business Wire

BENSALEM, Pa. -- March 16, 2013

Law Offices of Howard G. Smith announces that it is investigating potential
claims against Great Lakes Dredge & Dock Corporation (“Great Lakes” or the
“Company”) (NASDAQ:GLDD) concerning possible violations of federal securities
laws. The investigation focuses on allegations that certain statements issued
by Great Lakes regarding the Company’s operations and financial performance
were false and misleading.

Great Lakes engages in the business of marine construction, primarily
dredging, and commercial and industrial demolition primarily in the east,
west, and Gulf Coasts of the United States. The investigation is related to
the Company’s announcement that it intends to restate its 2012 fiscal second
and third quarter results. The Company explained that it had “a failure of
internal controls to detect or prevent misstatements in the financial
statements.” Further, Great Lakes announced that its President and COO Bruce
Biemeck is leaving the Company. Since the market’s closing on March 14, 2013,
the Company’s shares have declined $1.62, or 18%, to close on March 15, 2013,
at $7.35 per share, on unusually heavy volume.

If you purchased Great Lakes securities, if you have information or would like
to learn more about these claims, or if you wish to discuss these matters 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.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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