NEW ORLEANS, March 20, 2013 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 20, 2013 to file lead plaintiff applications in a securities class action lawsuit against Great Lakes Dredge & Dock Co. (Nasdaq:GLDD), if they purchased the Company's common stock during the period between August 7, 2012 through March 14, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
What You May Do
If you purchased shares of Great Lakes and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 20, 2013.
About the Lawsuit
Great Lakes and certain of its executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws.
These false statements and omissions included, in part, the following: (i) the Company was suffering from deficient internal controls and procedures; (ii) the Company failed to disclose its true financial and operational condition; and (iii) the Company failed to disclose its financial statements were materially false and misleading.
On March 15, 2013, Great Lakes' share price fell 18%, after it announced it would restate financial results for the second and third quarter of 2012. The Company also announced the resignation of its President/Chief Operating Officer.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.