NEW YORK, Oct. 20, 2015 /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 October 16, 2015, the Company disclosed that its CEO would retire. The same day GLDD disclosed that it was withdrawing previously announced guidance for the 2015 fiscal year.
On October 17, 2015, the Company's Chairman of the Board resigned and the director acting as Chair of the Audit Committee also tendered her resignation. Both resignations were effective as of October 13, 2015.
On this news, GLDD stock dropped more than 20%.
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.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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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