Law Offices of Todd M. Garber Announces Class Action Lawsuit Against McDermott International, Inc.
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against McDermott International, Inc. Business Wire LOS ANGELES -- October 4, 2013 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 email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Law Offices of Todd M. Garber Todd M. Garber, Attorney at Law Los Angeles, California 213-700-7262 firstname.lastname@example.org