Harwood Feffer LLP Announces Investigation of Great Lakes Dredge & Dock Corporation
NEW YORK, March 15, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Great Lakes Dredge & Dock Corporation ("GLDD" or the "Company") (NASDAQ: GLDD), concerning whether the board has breached its fiduciary duties to shareholders.
On March 14, 2013, the Company disclosed that its financial statements for the second and third quarters of 2012 could no longer be relied on. Certain orders were included as revenue even though client acceptance had not been finalized. The Company also announced that the Company's President, COO, and former CFO would be leaving the GLDD, presumably in connection with the foregoing.
On this news, Company stock was down approximately 20% at market open on March 15, 2013
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own GLDD shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP