LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of McDermott International, Inc. (“McDermott” or “the Company”) (OTC: MDRIQ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. McDermott’s public statements about the sale of its Lummus Technology asset were designed to conceal the extent of the Company’s liquidity crisis. The Company concealed the liquidity crisis to give it time to prepare a premade plan of reorganization with secured vendors and stakeholders to avoid a freefall Chapter 11 filing. 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.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, 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 firstname.lastname@example.org.
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.