NEW YORK, Oct. 20, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NasdaqGS: GLDD -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Great Lakes and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On October 16, 2015, post-market, the company withdrew its FY 2015 guidance, citing "unanticipated project losses, delays and lower than expected new business in the environmental and remediation segment during the third quarter, and continued uncertainties in the segment." Concurrently, GLDD announced that its CEO Jonathan W. Berger would retire by April 13, 2017, and that the company's board of directors "has initiated a process to review potential strategic alternatives to enhance stockholder value."
Following this news, shares of Great Lakes fell $1.11 or 20.83% to close at $4.22 on October 19, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Great Lakes, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC