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Tidewater Derivative Lawsuit

  • If you purchased a significant amount of shares of this company you have certain options and for certain investors are short and strict deadlines running. Investors should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Tidewater Inc.
Security
NYSE: TDW

Case Name
Tidewater Derivitave 02/15/2011
Type of Lawsuit
Stockholder Derivative Action
Court of Filing
U.S. District Court for the Eastern District of Louisiana

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Summary

July 3, 2012 (Update) -- Judge Jane Milazzo dismissed suit saying the disgruntled shareholder should have brought his issues to his board of directors before filing a derivative action.
February 15, 2011 -- A Tidewater shareholder has filed a derivative lawsuit over alleged Foreign Corrupt Practices Act violations, claiming the Tidewater board members are liable for millions in handouts to officials in Azerbaijan and Nigeria and the ensuing investigations over Tidewater’s doctored books.