McDermott Can't Ditch CB&I Merger Suit, Texas Judge Says

By Craig Clough (April 14, 2021, 11:30 PM EDT) -- A Texas federal judge explained Wednesday that McDermott International Inc. must face a securities fraud suit over its acquisition of Chicago Bridge & Iron Co., denying its motion to dismiss and finding that stockholders sufficiently pled that proxy statements from McDermott were made "with actual knowledge that they were misleading."...

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