McDermott International, Inc. had total environmental reserves of US$900,000 at June 30, 2011, of which US$400,000 was included in current liabilities.
The Company has been identified as a potentially responsible party at various cleanup sites under the Comprehensive Environmental Response, Compensation,…
McDermott International, Inc., during the quarter ended June 30, 2011, recovered US$2 million of environmental reserves associated with the April 2006 sale of its former Mexican subsidiary, Talleres Navales del Golfo, S.A. de C.V. (TNG).
TNG was reported as a discontinued…
Certain of McDermott International, Inc.’s subsidiaries are subject to an environmental-related declaratory judgment action in Louisiana court.
On or about Aug. 23, 2004, a declaratory judgment action entitled Certain Underwriters at Lloyd’s London, et al. v. J. Ray McDermott, Inc. et…
McDermott International, Inc. had total environmental reserves of US$2.9 million at both March 31, 2011 and Dec. 31, 2010, of which US$2.4 million was included in current liabilities.
Inherent in the estimates of those reserves and recoveries are the Company’s expectations…
Certain of McDermott International, Inc.’s subsidiaries are involved in an environmental-related declaratory judgment action entitled Certain Underwriters at Lloyd’s London, et al. v. J. Ray McDermott, Inc. et al.
The suit was filed on or about Aug. 23, 2004, by certain…
McDermott International, Inc., at Sept. 30, 2010, had total environmental reserves of US$2.4 million, none of which were included in current liabilities.
The Company has been identified as a potentially responsible party at various cleanup sites under the Comprehensive Environmental Response,…
McDermott International, Inc. continues to face a suit entitled Donald F. Hall and Mary Ann Hall, et al., v. Babcock & Wilcox Company, et al., on exposure to uranium and plutonium.
The Babcock & Wilcox Company is one of the Company’s…