McDermott International, Inc. Class Action Lawsuit - MDR

Company
McDermott International, Inc. (NYSE: MDR)
Lead Plaintiff Deadline
January 15, 2019 (Expired)
Class Period
January 24, 2018 - October 30, 2018

Expired

Lead Plaintiff Deadline

Jan 15, 2019

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Allegations

(1) the Company was facing strong headwinds and would fail to meet revenue and earnings estimates; (2) there were material problems with the integration of the CB&I business; (3) certain CB&I projects were reasonably likely to incur higher costs; (4) as a result, the fair value of these CB&I projects would be materially impacted; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Eligibility

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

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until January 15, 2019 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.

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