|[October 04, 2013]
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against McDermott International, Inc.
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber
announces that a class action lawsuit has been filed in the United
States District Court for the Southern District of Texas on behalf of a
class (the "Class") comprising all purchasers of the common stock of
McDermott International, Inc. ("McDermott" or the "Company") (NYSE:MDR)
between November 6, 2012 and August 5, 2013, inclusive (the "Class
McDermott operates as an engineering, procurement, construction and
installation company worldwide, focused on designing and executing
complex offshore oil and gas projects. The Complaint alleges that during
the Class Period defendants issued false and misleading statements or
failed to disclose that:
The Company was experiencing weaknesses in its project bidding and
The Company was engaging in poor risk evaluation.
The Company had been experiencing poor project management.
The Company was experiencing material losses in its Middle East, Asia
Pacific and Atlantic segments.
Defendants lacked a reasonable basis for their positive statements
about the Company during the Class Period.
If you are a member of the above-described Class, you may move the Court
no later than October 15, 2013 to serve as lead plaintiff; however, you
must meet certain legal requirements. To be a member of the Class, you
may retain counsel of your choice or take no action and remain an absent
member of the Class. If you have information or would like to learn more
about these claims, or if you purchased McDermott shares prior to the
Class Period and have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Todd
M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone
at 213-700-7262 or by email to email@example.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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