Izard Nobel LLP Appointed Lead Counsel in McDermott International, Inc.

On March 6, 2009, Izard Nobel LLP was appointed lead counsel for plaintiffs in the case of In re McDermott International, Inc Securities Litigation, 08-CV-9943, by the United States District Court for the Southern District of New York.  The Complaint alleges that McDermott, an international engineering and construction services company, and certain of its officers and directors violated federal securities laws. Specifically, McDermott concealed that its three large, ongoing construction contracts for the installation of marine oil and gas pipelines off the coast of were substantially delayed and that the delays caused the Company to incur major losses on those contracts.