Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against McDermott International, Inc.
21 August 2013 - 3:32AM
Business Wire
Glancy Binkow & Goldberg LLP 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
Period”).
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM
GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT
(888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO
SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER OR IF YOU
PURCHASED MCDERMOTT SHARES PRIOR TO THE CLASS PERIOD. IF YOU
INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE
NUMBER AND NUMBER OF SHARES PURCHASED.
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: (1) the Company
was experiencing weaknesses in its project bidding and execution;
(2) the Company was engaging in poor risk evaluation; (3) the
Company had been experiencing poor project management; (4) the
Company was experiencing material losses in its Middle East, Asia
Pacific and Atlantic segments; and (5) based upon the foregoing,
the defendants lacked a reasonable basis for their positive
statements about the Company during the Class Period.
If you are a member of the Class described above 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 need not take any action at this time;
you may retain counsel of your choice or take no action and remain
an absent member of the Class.
If you wish to learn more about this action 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 Michael Goldberg, Esquire,
of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite
2100, Los Angeles, California 90067, Toll Free at (888) 773-9224,
or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg
LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at
(212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit
our website at http://www.glancylaw.com. If you inquire by email
please include your mailing address, telephone number and number of
shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael
Goldberg, 888-773-9224orGlancy Binkow & Goldberg LLP, New York,
NYGregory Linkh, 212-682-5340 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
McDermott (NYSE:MDR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
McDermott (NYSE:MDR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024