October 23, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) shares over potential securities laws violations by Great Lakes Dredge & Dock and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) concerning whether a series of statements by Great Lakes Dredge & Dock regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Great Lakes Dredge & Dock Corporation reported that its annual Total Revenue rose from $731.42 million in 2013 to $806.83 million in 2014 and that its Net Loss of $34.36 million in 2013 turned into a Net Income of $10.29 million in 2014.

Shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD

On October 14, 2015, Great Lakes Dredge & Dock Corporation announced that Senior Vice President, Chief Legal Officer and Corporate Secretary Maryann A. Waryjas, is resigning effective November 10, 2015.
On October 16, 2015, Great Lakes Dredge & Dock Corporation announced that it has initiated a process to review potential strategic alternatives to enhance stockholder value and that it would withdraw its previously announced Adjusted EBITDA guidance for the year ending December 31, 2015. Great Lakes Dredge & Dock Corporation also announced that its Chief Executive Officer (CEO) and director Jonathan W. Berger announced his intention to retire, effective in 2017, and that on October 13, 2015, both Nathan D. Leight, director and Chairman of the Board, and Denise E. Dickins, director and Chair of the Audit Committee, tendered their resignations effective immediately.

Shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) declined to as low as $3.78 per share on October 19, 2015.