Press release
Deadline upcoming in Lawsuit for Investors in McDermott International, Inc. (NYSE: MDR) (OTC: MDRIQ)
A Deadline is coming up on September 16, 2020 in the lawsuit for certain investors in McDermott International, Inc.
Investors who purchased shares of McDermott International, Inc. (NYSE: MDR) (OTC: MDRIQ) have certain options and there are strict and short deadlines running. Deadline: September 16, 2020. McDermott International, Inc. (NYSE: MDR) (OTC: MDRIQ) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District Court for the Southern District of Texas the plaintiff alleges on behalf of purchasers of McDermott International, Inc. (NYSE: MDR) (OTC: MDRIQ) common shares between September 20, 2019 and January 23, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 20, 2019 and January 23, 2020, the defendants violated the federal securities laws by failing to disclose that they knowingly and/or recklessly made, and caused McDermott to make, materially false and misleading statements, and/or omit material facts regarding the sale of Lummus Technology, an asset of McDermott. 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.
Those who purchased shares of McDermott International, Inc. (NYSE: MDR) (OTC: MDRIQ) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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