Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against McDermott International, Inc.
31 August 2013 - 5:32AM
Business Wire
Glancy Binkow & Goldberg LLP announces that all purchasers
of McDermott International, Inc. (“McDermott” or the “Company”)
(NYSE:MDR) securities between November 6, 2012 and August 5, 2013,
inclusive (the “Class Period’), have until October 15, 2013 to file
a motion to be appointed as lead plaintiff in the shareholder
lawsuit filed in the United States District Court for the Southern
District of Texas.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM
GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212)
682-5340, TOLL-FREE AT (888) 773-9224, OR AT
SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER 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.
To learn more about this action or if you have any questions
concerning this Notice 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.
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
Goldberg888-773-9224orGlancy Binkow & Goldberg LLP, New York,
NYGregory Linkh212-682-5340shareholders@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