Tag Archives: GLDD

Sarraf Gentile LLP Investigates Great Lakes Dredge & Dock Corporation

By Business Wirevia The Motley Fool

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Sarraf Gentile LLP Investigates Great Lakes Dredge & Dock Corporation

NEW YORK–(BUSINESS WIRE)– Sarraf Gentile LLP announces that it is investigating Great Lakes Dredge & Dock Corporation (“GLDD” or the “Company) (NAS: GLDD) in connection with its disclosure of errors and irregularities in its historical financial statements.

On March 14, 2013, the Company revealed “material weakness” in its disclosure controls, stated that its President and Chief Operating Officer had abruptly resigned, and announced that its reported revenues for the second and third quarter of 2012 were overstated by millions of dollars. On this news, the Company’s stock price fell sharply.

If you purchased or own GLDD stock and want to discuss your legal rights, at no cost and without obligation, please contact Joseph Gentile at Sarraf Gentile LLP (telephone: 212-868-3610; e-mail: joseph@sarrafgentile.com).

Sarraf Gentile LLP has extensive experience litigating shareholder class actions across the United States and has recovered millions of dollars on behalf of injured shareholders.

NOTE: Sarraf Gentile LLP pledges to donate 10% of any net attorneys’ fees earned in connection with this mater to worthy unaffiliated charities.

ATTORNEY ADVERTISING. Prior results do not guarantee a similar outcome.

SARRAF GENTILE LLP
Joseph Gentile
T 212-868-3610
F 212-918-7967
joseph@sarrafgentile.com
www.sarrafgentile.com

KEYWORDS:   United States  North America  Illinois

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The article Sarraf Gentile LLP Investigates Great Lakes Dredge & Dock Corporation originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Market Close: Big Winners &amp; Losers for March 15, 2013 (PGNX, HGSH, BRN, AXX, GLUU, SNMX, TISI, SUPN, GLDD, ULTA)

By 24/7 Wall St.

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Here are today’s five biggest gaining stocks at closing:

Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) is up 28.7% at $4.35.

China HGS Real Estate Inc. (NASDAQ: HGSH) is up 22.7% at $6.39.

Furniture Brands International Inc. (NYSE: FBN) is up 18.9% at $1.32.

Alderon Iron Ore Corp. (NYSEMKT: AXX) is up 18% at $1.64.

Glu Mobile Inc. (NASDAQ: GLUU) is up 14.8% at $3.34.

And here are today’s five biggest losing stocks at closing:

Senomyx Inc. (NASDAQ: SNMX) is down 21.5% at $2.19.

Team Inc. (NYSE: TISI) is down 19.7% at $37.33.

Supernus Pharmaceuticals Inc. (NASDAQ: SUPN) is down 19.1% at $5.58.

Great Lakes Dredge & Dock Corp. (NASDAQ: GLDD) is down 18% at $7.36.

Ulta Salon, Cosmetics & Fragrances Inc. (NASDAQ: ULTA) is down 16.3% at $74.00.

Filed under: 24/7 Wall St. Wire, HI/LOW, Market Close Tagged: AXX, BRN, GLDD, GLUU, HGSH, PGNX, SNMX, SUPN, TISI, ULTA

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Source: FULL ARTICLE at DailyFinance

Rosen Law Firm Announces Investigation of Securities Claims Against Great Lakes Dredge &amp; Dock Corpor

By Business Wirevia The Motley Fool

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Rosen Law Firm Announces Investigation of Securities Claims Against Great Lakes Dredge & Dock Corporation – GLDD

NEW YORK–(BUSINESS WIRE)– The Rosen Law Firm, P.A. announces that it is investigating securities claims against Great Lakes Dredge & Dock Corporation (NAS: GLDD) to recover shareholder losses stemming from inaccurate financial statements.

On March 14, 2013 GLDD announced that its financial statements for the quarterly periods ended June 30, 2012 and September 30, 2012 should no longer be relied upon by investors and had to be restated. GLDD stated that “certain pending change orders where client acceptance has not been finalized were included as revenue.” Consequently, it concluded that “2012 second and third quarter demolition segment revenues were overstated by $3.9 million and $4.3 million, respectively.” GLDD also announced the departure of its Chief Operating Officer and President Bruce J. Biemeck, who served as Chief Financial Officer until August 20, 2012. This adverse information caused the price of GLDD stock to fall over 20%.

The Rosen Law Firm is investigating securities claims as a result of this adverse information. If you purchased GLDD‘s securities prior to March 14, 2013 you may visit the website at http://www.rosenlegal.com to join the prospective action. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com

The Rosen Law Firm, P.A.
Phillip Kim or Kevin Chan
toll free at 866-767-3653
pkim@rosenlegal.com
kchan@rosenlegal.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Rosen Law Firm Announces Investigation of Securities Claims Against Great Lakes Dredge & Dock Corporation – GLDD originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the …read more
Source: FULL ARTICLE at DailyFinance

Federman &amp; Sherwood Launches Investigation into Great Lakes Dredge &amp; Dock Corporation for Possible S

By Business Wirevia The Motley Fool

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Federman & Sherwood Launches Investigation into Great Lakes Dredge & Dock Corporation for Possible Securities Laws Violations

OKLAHOMA CITY–(BUSINESS WIRE)– The law firm of Federman & Sherwood announces an investigation on behalf of shareholders of Great Lakes Dredge & Dock Corporation (NAS: GLDD) (“GLDD” or “Company”) into allegations that the Company has violated federal securities laws. With the resignation of GLDD‘s Chief Operating Officer (“COO”), also came an announcement of the Company’s restatement of its financials and an admission by GLDD that it violated Generally Accepted Accounting Practices (“GAAP”) in its revenue recognition during the second and third quarters of 2012. Following these announcements, GLDD stock prices fell more than 30% on March 14, 2013.

If you currently own common stock in GLDD, purchased your shares of common stock between August 7, 2012 and March 14, 2013, and have information to assist in our investigation of this transaction, or have any questions or concerns regarding this notice or preservation of your rights, please contact William B. Federman. Federman & Sherwood is a nationwide law firm specializing in representing investors in securities, derivative and merger-related shareholder class actions and has been appointed as lead counsel in multiple complex cases.

Federman & Sherwood
William B. Federman, 405-235-1560
wbf@federmanlaw.com

KEYWORDS:   United States  North America  Oklahoma

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The article Federman & Sherwood Launches Investigation into Great Lakes Dredge & Dock Corporation for Possible Securities Laws Violations originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Hagens Berman Investigates Great Lakes Dredge &amp; Dock Corporation Following COO Resignation and Finan

By Business Wirevia The Motley Fool

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Hagens Berman Investigates Great Lakes Dredge & Dock Corporation Following COO Resignation and Financials Restatement

CHICAGO–(BUSINESS WIRE)– Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm with an office in Chicago, IL, today announced it is investigating Great Lakes Dredge & Dock Corp. (NAS: GLDD) (“GLDD” or “the company”) following the resignation of the company’s Chief Operating Officer and President Bruce J. Biemeck, a restatement of the company’s financial statements and a subsequent 30 percent drop in the company’s stock price in after-hours trading.

If you purchased shares of GLDD common stock between August 7, 2012, and March 14, 2013, inclusive (the “class period”), suffered significant losses and wish to move to be a lead plaintiff, you may contact Hagens Berman Partner Reed Kathrein, who is leading the Firm’s investigation, by calling 510-725-3000 or emailing GLDD@hbsslaw.com.

The Firm’s investigation centers around GLDD‘s restatement of financial results, issued just after close of trading on March 14, 2013. The company stated that for the second and third financial quarters of 2012, “Certain pending change orders where client acceptance has not been finalized were included as revenue. After a review, the Company concluded 2012 second and third quarter demolition segment revenues were overstated by $3.9 million and $4.3 million, respectively.”

The announcement coincided with the company’s disclosure that Bruce J. Biemeck, the company’s President, COO and former Chief Financial Officer, is departing the company.

Hagens Berman is investigating whether the company knew and failed to disclose material information to investors, particularly revenue issues in the second and third financial quarters of 2012, and thus is responsible for investor losses. Following the company’s restatement, GLDD‘s stock price fell by more than 30 percent in after-hours trading on March 14, 2013.

“The company has effectively admitted that, in violation of its established policies, it counted revenue that should have not been counted,” said Mr. Kathrein. “Taken together with the resignation of Mr. Biemeck, we are concerned that the company and certain of its officers may have known about or even been knowingly complicit in the misstatement, to the detriment of investors who lacked this information.”

Hagens Berman reminds whistleblowers with inside information that rewards may be available to individuals who report information leading to a successful enforcement action by the Securities and Exchange Commission. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

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Source: FULL ARTICLE at DailyFinance