Law Offices of Todd M. Garber Announces Class Action Lawsuit Against McDermott International, Inc.
05 Oktober 2013 - 3:32AM
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
Period”).
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 execution.
- 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 info@toddgarberlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. GarberTodd M. Garber, Attorney at LawLos
Angeles, California213-700-7262info@toddgarberlaw.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
Echtzeit-Nachrichten über McDermott International Inc (New York Börse): 0 Nachrichtenartikel
Weitere Mcdermott International, Inc. News-Artikel