WEDNESDAY DEADLINE ALERT: The Schall Regulation Agency Publicizes the Submitting of a Class Motion Lawsuit In opposition to McDermott Worldwide, Inc. and Encourages Traders with Losses in Extra of $100,000 to Contact the Agency – Yahoo Finance
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (OTC Pink: MCDIF) (“McDermott” or “the Company”) 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.” data-reactid=”19″>Los Angeles, California–(Newsfile Corp. – September 10, 2020) – The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McDermott International, Inc. (OTC Pink: MCDIF) (“McDermott” or “the Company”) 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 securities between September 20, 2019 and January 23, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before September 16, 2020.
click here to participate.” data-reactid=”21″>If you are a shareholder who suffered a loss, click here to participate.
www.schallfirm.com, or by email at firstname.lastname@example.org.” data-reactid=”22″>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 email@example.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’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.
Join the case to recover your losses.” data-reactid=”29″>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.
firstname.lastname@example.org” data-reactid=”33″>The Schall Law Firm
Brian Schall, Esq.,
The Schall Law Firm
https://www.newsfilecorp.com/release/63565” data-reactid=”43″>To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63565