CINCINNATI, Dec. 17, 2008 (GLOBE NEWSWIRE) -- Attorney Advertising -- The class action Cincinnati law firm of Statman, Harris & Eyrich, LLC announces it is investigating McDermott International, Inc. ("Company") (NYSE:MDR) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA") relating to the Company's Retirement Plans and/or the 401(k) Thrift Plan (the "Plans").
Statman, Harris & Eyrich, LLC is investigating whether the Company and/or other administrators of the Plans breached their fiduciary duties to the Plans' participants by failing to prudently and loyally manage the Plans' investments in McDermott International, Inc. stock by continuing to offer Company stock when it was no longer a prudent investment for participants' retirement savings.
If you are a current or former employee who participated in, or continues to participate in, the McDermott International, Inc. Retirement Plans and/or the 401(k) Thrift Plan and purchased McDermott International, Inc. stock in the Plan, or have any questions concerning this notice or your rights with respect to this matter, please contact Elizabeth L. Hutton, Esq. at (513) 621-2666 or (888) 876-7881, or via e-mail at ehutton@statmanharris.com for further information without any obligation or cost to you.
Statman, Harris & Eyrich, LLC has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; and Sarasota, Florida. www.statmanharris.com