Law Offices of Todd M. Garber Announces Class Action Lawsuit Against
McDermott International, Inc.
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
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
*The Company was experiencing weaknesses in its project bidding and
*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
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
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