Law Offices of Todd M. Garber Announces Investigation of Great Lakes Dredge & Dock Corporation Business Wire LOS ANGELES -- April 13, 2013 The Law Offices of Todd M. Garber 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. Great Lakes engages in marine construction, dredging, and commercial and industrial demolition primarily in the east, west and Gulf Coasts of the United States. The investigation is related to allegations that between August 7, 2012 and March 14, 2013 the Company and certain of its executive officers issued false and misleading statements 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, after the close of trading, the Company disclosed that it would restate its financial results for the Company’s 2012 fiscal second and third quarters. According to the Company, Great Lakes had been improperly recording revenue recognition by accounting pending change orders as revenue where client acceptance had yet to be finalized. The Company also announced that the restatement would delay the filing of its 2012 Annual Report. If you purchased Great Lakes securities between August 7, 2012 and March 14, 2013, 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 Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Law Offices of Todd M. Garber Todd M. Garber, Attorney at Law Los Angeles, California 213-700-7262 email@example.com
Law Offices of Todd M. Garber Announces Investigation of Great Lakes Dredge & Dock Corporation
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