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Great lakes dock and dredge8/7/2023 GLDD wanted to bolster the public perception and financial metrics of its demolition segment to demonstrate that it was an integral part of the Company’s overall business plan and that it would contribute an increasingly large percentage of the Company’s overall financial results moving forward. GLDD is a holding company that engages in the business of marine construction, dredging, and commercial and industrial demolition. The Complaint alleged that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects on behalf of all persons or entities that purchased or otherwise acquired GGLD common stock during the Class Period. The Complaint brought forth claims for violations of the Securities Exchange Act of 1934 against Great Lakes Dredge and Dock Company (“GGLD” or the “Company”), and certain of its senior executives.
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