March 13, 2015 - The court granted the defendants' motion to dismiss.

April 7, 2014 - A motion to dismiss the consolidated complaint was filed.

February 6, 2014 - A consolidated complaint was filed.

August 15, 2013 - An investor in shares of McDermott International Inc (NYSE: MDR), filed a lawsuit in the U.S. District Court for the Southern District of Texas against McDermott International Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 6, 2012 and August 5, 2013.

According to the complaint the plaintiff alleges, on behalf of all persons or entities who purchased or otherwise acquired securities of McDermott International Inc (NYSE: MDR) between November 6, 2012 and August 5, 2013, that McDermott International Inc and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

More specifically, the plaintiff alleges that the Defendants made false and misleading statements and/or failed to disclose that McDermott International Inc was experiencing weaknesses in its project bidding and execution, that McDermott International Inc was engaging in poor risk evaluation, that McDermott International Inc had been experiencing poor project management, that McDermott International Inc was experiencing material losses in its Middle East, Asia Pacific and Atlantic segments, and that based upon the above, the Defendants lacked a reasonable basis for their positive statements about McDermott International Inc between November 6, 2012 and August 5, 2013. Shares of McDermott International Inc (NYSE: MDR) traded in 2011 as high as $25.53 per share and declined to $10.60 per share on November 2, 2012.

On November 5, 2012, McDermott International Inc reported its third quarter 2012 financial results. Shares of McDermott International Inc (NYSE: MDR) grew from $9.83 per share on November 16, 2012, to $13.47 per share on February 8, 2013.

On February 28, 2013, McDermott International Inc reported its fourth quarter 2012 financial results. McDermott International Inc reported that its annual Total revenue rose from over $3.44 billion in 2011 to over $3.64 billion in 2012 and that its Net Income increased from $138.73 million in 2011 to $206.65 million in 2012. On May 8, 2013, McDermott International Inc reported that its first quarter 2013 financial results. Its first quarter Total Revenue was $807.49 million and its first quarter 2013 Net Income was $20.55 million.

Then, on August 5, 2013, McDermott International Inc reported its second quarter 2013 financial results. McDermott International Inc reported that its second quarter Revenue declined from $889.25 million in 2012 to $647.25 million in 2013 and that its second quarter Net Income of $52.74 million in 2012 turned into a second quarter Net Loss of $149.42 million in 2013. Shares of McDermott International Inc (NYSE: MDR) declined from $8.73 per share on August 2, 2013, to $6.70 on August 7, 2013.