MCDERMOTT INT’L: Hall Suit on Radiation Exposure Remains Pending

McDermott International, Inc. continues to face the suit entitled Donald F. Hall and Mary Ann Hall, et al., v. Babcock & Wilcox Company, et al. related to exposure to uranium and plutonium.

The Babcock & Wilcox Company is one of the…

MCDERMOTT INT’L: Dispute v. IRS’ Proposed Adjustments Ongoing

McDermott International, Inc. is protesting the Internal Revenue Service’s proposed unfavorable tax adjustments related to the 2001 through 2003 tax years.

The Company was advised in 2006 by the IRS of the proposed adjustments.

The Company reviewed the IRS positions and…