Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
Class Action Lawsuit Against Great Lakes Dredge & Dock Corporation
BENSALEM, Pa. -- April 19, 2013
Law Offices of Howard G. Smith announces that investors of Great Lakes Dredge
& Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ:GLDD) have until
May 20, 2013 to move the Court to serve as lead plaintiff in the securities
fraud class action lawsuit filed in the United States District Court for the
Northern District of Illinois on behalf of a class (the “Class”) comprising
all purchasers of Great Lakes securities between August 7, 2012 and March 14,
2013, inclusive (the “Class Period”).
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 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.
If you are a member of the Class described above, you have certain rights and
have until May 20, 2013 to move for lead plaintiff status. To be a member of
the class you need not take any action at this time, or may retain counsel of
your choice. If you wish to discuss this action or learn more concerning 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 firstname.lastname@example.org, or visit our
website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
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