The SEC is investigating statements made by the company before its bankruptcy.
"Federal regulator objects to clause in McDermott bankruptcy
"Commission has filed an objection to part of Houston-based McDermott International Inc.’s bankruptcy plan. The SEC is taking issue with a clause of the plan that would release McDermott’s management and other affiliated individuals from liability associated with the company, according to a document the SEC filed with the bankruptcy court. Part of the SEC’s issue with the release is that it includes liability “based on actual fraud, willful misconduct, and gross negligence,” it said in the court filing."