McDermott International, Inc. Class Action Lawsuit - MDR

A complaint has been filed against McDermott's President, Chief Executive Officer and Board Member David Dickson, its Former Executive Vice President and Chief Financial Officer Stuart A. Spence, and its Executive Vice President and Chief Financial Officer Christopher A. Krummel. The filed complaint alleges that defendants made and caused McDermott to make materially false and/or misleading statements and/or failed to disclose material facts regarding the Company's sale of its asset Lummus Technology. Plaintiffs allege that these statements were made with the intent to conceal the acute liquidity crisis McDermott actually faced, to provide the Company time to prepare a prepackaged plan of reorganization with its secured lenders and other stakeholders, and to avoid a freefall Chapter 11 filing.

In order to be eligible to join the MDR class action lawsuit, you must have incurred a loss on shares of McDermott purchased during the class period listed above.

If you suffered a loss in McDermott during the relevant time frame or pursuant to the relevant offering(s), you have until September 16, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

The complaint alleges that certain officer and directors of McDermott International, Inc. violated federal securities laws by causing the Company to issue materially false and/or misleading information and/or causing McDermott to fail to disclose material information. If you suffered a loss in McDermott International, Inc. you have until September 16, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.