Ryan & Maniskas, LLP Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Great Lakes Dredge & Dock

  Ryan & Maniskas, LLP Announces Lead Plaintiff Deadline In The Class Action
            Lawsuit Against Great Lakes Dredge & Dock Corporation

PR Newswire

WAYNE, Pa., April 10, 2013

WAYNE, Pa., April 10, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/gldd) announces that purchasers of the securities
of Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company")
(NASDAQ: GLDD) between August 7, 2012 and March 14, 2013, inclusive (the
"Class Period"), have until May 20, 2013 to file a motion with the Court to be
appointed as lead plaintiff. The shareholder lawsuit was filed in the United
States District Court for the Northern District of Illinois.

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )

For more information regarding this class action suit, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by
email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/gldd.

The complaint charges Great Lakes and certain of its officers and directors
with violations of the Securities Exchange Act of 1934. Great Lakes is the
largest provider of dredging services in the United States. The Complaint
alleges that throughout the Class Period defendants misrepresented and/or
failed to disclose: (1) that the Company was accounting pending change orders
as revenue where client acceptance had yet to be finalized; (2) that, as such,
the Company was improperly recognizing revenue for its demolition segment; (3)
that the Company's revenue was overstated; (4) that the Company's financial
results were not prepared in accordance with Generally Accepted Accounting
Principles ("GAAP"); (5) that the Company lacked adequate internal and
financial controls; and (6) as a result of the foregoing, that the Company's
financial statements were materially false and misleading at all relevant
times.

On March 14, 2013, Great Lakes issued a press release announcing the
restatement of its financials in which the Company's previously-issued
financial statements from the Second and Third Quarter of fiscal 2012 should
no longer be relied upon. In addition, Great Lakes admitted that it expected
to conclude that the Company had a "material weakness in its internal control
over financial reporting," and that it would not be able to timely file its
2012 annual financial results with the United States Securities and Exchange
Commission. On this news, shares in Great Lakes dropped almost 18%, closing
at $7.36 per share on March 15, 2013, from a close of $8.97 per share on March
14, 2013.

If you are a member of the class, you may, no later than May 20, 2013, request
that the Court appoint you as lead plaintiff of the class. A lead plaintiff
is a representative party that acts on behalf of other class members in
directing the litigation. In order to be appointed lead plaintiff, the Court
must determine that the class member's claim is typical of the claims of other
class members, and that the class member will adequately represent the class.
Under certain circumstances, one or more class members may together serve as
"lead plaintiff." Your ability to share in any recovery is not, however,
affected by the decision whether or not to serve as a lead plaintiff. You may
retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your
counsel in this action.

For more information about the case or to participate online, please visit:
www.rmclasslaw.com/cases/gldd or contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com. For
more information about class action cases in general or to learn more about
Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
nationwide.

CONTACT:
Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
484-588-5516
877-316-3218
www.rmclasslaw.com/cases/gldd
rmaniskas@rmclasslaw.com



SOURCE Ryan & Maniskas, LLP

Website: http://www.rmclasslaw.com
 
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