ROVworld Subsea Information

Deep Trekker Micro ROV Remotely Operated Vehicle

Superior Offshore International comments on putative class-action lawsuits

Posted on 13.03.2008 - 10:00 UTC in GENERAL NEWS by Rons_ROV_Links

Superior Offshore International comments on putative class-action lawsuitsHouston-based provider of subsea construction and commercial diving services Superior Offshore International responded to several class action lawsuits filed against the company, dismissing the lawsuits as "without merit." Superior Offshore stated that it would "vigorously defend itself" against the lawsuits, which allege that Superior violated federal security laws.

The lawsuits claim that Superior Offshore included, or allowed the inclusion of, false and misleading statements in the company's Registration Statement and Prospectus, issued in connection with Superior's April 2007 initial public offering. Specifically, there are claims that Superior Offshore hid that its core market in the Gulf of Mexico was declining and it would be moving into untested markets.

Law firms filing suit include Johnson & Perkinson, Federman & Sherwood, Kahn Gauthier Swick and the Law Offices of Eric J. O'Bell.

Share:
click Related        click Rate This        click Share
Search ROVworld NEWS

Site Info
 
Poll ?
How many days did you work offshore in 2016? (All votes anonymous)




Results
Polls

Votes 622
ROVworld Feeds
 
Facebook

ROVworld.com - ROV News, Discussions, Jobs and more