Edwards v. McDermott International, Inc. et al

  1. June 24, 2024

    McDermott Investors See Partial Cert. In $6B CB&I Deal Suit

    Investors in energy industry engineering company McDermott International Inc. saw part of their proposed investor class certified as a lead plaintiff is sought for a second subclass in litigation over the company's $6 billion acquisition of Chicago Bridge & Iron Company NV.

  2. April 25, 2024

    McDermott Judge U-Turns, Says Some Investors Deserve Cert.

    A Texas federal magistrate judge reversed his recommendation that investors be denied class certification in litigation over McDermott International's $6 billion merger with Chicago Bridge & Iron, saying a former CB&I shareholder class "should be certified now" and a putative McDermott stock purchaser class be created for subsequent consideration.

  3. March 26, 2024

    Judge To Let McDermott Investors Seek 2-Subclass Cert.

    A Texas federal judge has declined to certify a proposed class of investors in energy industry engineering company McDermott International Inc., siding with a magistrate judge who recommended dismissing the class certification bid so the investors could refile and seek certification for two investor subclasses.

  4. March 01, 2024

    McDermott Investors' Cert. Bid Should Be Denied, Judge Says

    Investors in energy industry engineering company McDermott International Inc. shouldn't be granted class certification in their suit over the company's $6 billion all-stock acquisition of Chicago Bridge & Iron Co., a federal magistrate judge has determined.

  5. April 14, 2021

    McDermott Can't Ditch CB&I Merger Suit, Texas Judge Says

    A Texas federal judge explained Wednesday that McDermott International Inc. must face a securities fraud suit over its acquisition of Chicago Bridge & Iron Co., denying its motion to dismiss and finding that stockholders sufficiently pled that proxy statements from McDermott were made "with actual knowledge that they were misleading."

  6. January 31, 2020

    McDermott Moves To Nix Stock-Drop Suit Over CB&I Merger

    McDermott International Inc. told a Texas federal judge that a stock-drop suit over its acquisition of Chicago Bridge & Iron Co. fails for a variety of reasons, including its "utterly nonsensical" allegations that the company intended to mislead investors.

  7. June 06, 2019

    Pomerantz, Wolf Popper To Lead McDermott Stock-Drop Suit

    A Texas federal judge has ruled that Pomerantz and Wolf Popper will each serve as lead counsel for separate sets of securities claims against McDermott International Inc. related to its acquisition of Chicago Bridge and Iron NV.