Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against McDermott International, Inc.

  Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class
  Action Lawsuit Against McDermott International, Inc.

Business Wire

LOS ANGELES -- August 30, 2013

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.

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
shareholders@glancylaw.com
www.glancylaw.com
 
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