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SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses On Their Investment In Great Lakes Dredge & Dock Corporation Of Class Action Lawsuit And The Deadline Of May 20, 2013 To Seek A Lead Plaintiff Position
May 7, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of
Illinois on behalf of investors who acquired Great Lakes Dredge & Dock Corporation ("Great Lakes" or "the Company") (Nasdaq: GLDD) stock between
August 7, 2012 and
March 14, 2013.
For more information, click here:
March 14, 2013, Great Lakes announced that it would restate its second and third quarter 2012 results by millions of dollars and that the Company's President/Chief Operating Officer (who was formerly Chief Financial Officer of the Company) was abruptly departing. The Company disclosed that it had identified instances where revenue was recognized in a manner inconsistent with the Company's accounting policy in that certain pending change orders where client acceptance was not finalized were included as revenue. Great Lakes also disclosed that it will be reporting a material weakness in its internal controls concerning financial reporting. Upon this news, shares of Great Lakes stock fell 18%, to close at
$7.35 per share the following day.
If you suffered a loss in Great Lakes you have until
May 20, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.30 Broad Street - 24th Floor
New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP