This item is eligible for free replacement, within 7 days of delivery, in an unlikely event of damaged or different item delivered to you. Prior results do not guarantee a similar outcome.Tablets (new and certified refurbished) 7 Days Replacement All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."Īttorney advertising. In addition to shareholder rights the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. Morgan & Morgan is one of the nation's largest 200 law firms. In addition, Great Lakes admitted that it expected to conclude that the Company had a "material weakness in its internal control over financial reporting," and that it would not be able to timely file its 2012 annual financial results with the United States Securities and Exchange Commission.įollowing this news, shares in Great Lakes dropped almost 18%, closing at $7.36 per share on March 15, 2013, from a close of $8.97 per share on March 14, 2013, on volume of almost 8 million shares. As a result of defendants' false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.Īccording to the Complaint, on March 14, 2013, Great Lakes issued a press release announcing the restatement of its financials in which the Company's previously-issued financial statements from the Second and Third Quarter of fiscal 2012 should no longer be relied upon. ![]() In addition, the Company failed to disclose material weaknesses in its internal controls to detect or prevent misstatements in its financial statements. Specifically, the Complaint alleges that defendants concealed from the investing public that they had recognized revenue in a manner not consistent with the applicable accounting policy – certain pending change orders where client acceptance was not finalized were incorrectly included as revenue. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations, and prospects. at 1 (800) 631-6234 or email George at Lakes is the largest provider of dredging services in the United States. If you purchased Great Lakes and want more information about the Great Lakes securities fraud lawsuit please contact George Pressly, Esq. ![]() Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. ![]() If you purchased Great Lakes between Augand March 14, 2013, you may, no later than May 20, 2013, request that the Court appoint you lead plaintiff of the proposed class. NEW YORK, (GLOBE NEWSWIRE) - Morgan & Morgan announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of all persons or entities that purchased the common stock of Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (Nasdaq:GLDD) between Augand March 14, 2013, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").
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