IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McDermott Internation...
November 19 2018 - 2:01PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against
McDermott International, Inc. (“McDermott” or “the Company”) (NYSE:
MDR) for violations of §§10(b) and 20(a) of the Securities Exchange
Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
Investors who purchased the Company's shares between January 24,
2018 and October 30, 2018, inclusive (the ''Class Period''), are
encouraged to contact the firm before January 15, 2019.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and
misleading statements to the market. McDermott failed to inform
investors that it was facing stiff competition and market factors
likely to result in missing revenue and profit estimates. At the
same time, the Company was having problems integrating with Chicago
Bridge & Iron. The CB&I projects were likely to run over
budget with higher expenses than anticipated, which were likely to
materially impact the value of the projects. Based on these facts,
the Company’s public statements were false and materially
misleading throughout the class period. When the market learned the
truth about McDermott, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20181119005774/en/
The Schall Law FirmBrian Schall, Esq.,Sherin Mahdavian,
Esq.,www.schallfirm.com310-301-3335info@schallfirm.com
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