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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Restatement of 2012 Financial Results

Great Lakes Dredge & Dock Company (GLDD) settled a Securities and Exchange Commission (SEC) inquiry into the company’s previously disclosed restatement of its financial results for the second and third quarters of 2012. The SEC alleged that GLDD overstated revenue in its demolition segment. Specifically, the demolition segment recorded revenue for pending change orders even though it did not have sufficient proof of customer acceptance of the pending change orders. Under the terms of the settlement, GLDD, without admitting or denying the findings of the SEC, consented to the entry of an administrative order and agreed to pay a fine of $150,000.

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Administrative
Disposition
Fine
Date of Settlement
10/27/2014
Contractors Involved Penalty
Total
Great Lakes Dredge & Dock Corporation $150,000
Further Information Released
Form 8-K 10/27/2014
SEC Order 10/27/2014

Federal Contractor Misconduct Database