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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Shareholder Lawsuit

McDermott International shareholders filed a lawsuit alleging the company and certain of its officers and directors made false and misleading statements to investors between November 6, 2012 and August 5, 2013. The lawsuit alleges the defendants failed to disclose that McDermott International was experiencing weaknesses in its project bidding and execution; was engaging in poor risk evaluation; had been experiencing poor project management; and was experiencing material losses in its Middle East, Asia Pacific and Atlantic segments.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Pending
Date of Complaint
8/16/2013
Contractors Involved Penalty
Total
McDermott, Inc. $0
Further Information Released
Law Firm Press Release 8/27/2013

Federal Contractor Misconduct Database