Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against McDermott International, Inc.

  Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against
  McDermott International, Inc.

Business Wire

LOS ANGELES -- August 20, 2013

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.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg, 888-773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh, 212-682-5340 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com