METAIRIE, La., March 2, 2008 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell, LLC") on February 29, 2008 filed a class action lawsuit against Superior Offshore International Inc. ("Superior Offshore" or the "Company") (Nasdaq:DEEP) in the United States District Court for the Eastern District of Louisiana, on behalf of shareholders who purchased the common stock of the Company in connection with Superior Offshore's Initial Public Offering ("IPO") on or about April 20, 2007 or who purchased shares thereafter through January 9, 2008.
The complaint charges the Company and certain of its officers and directors with making a series of materially false and misleading statements in the Registration Statement and Prospectus issued in connection with the IPO, violation of the Securities Act of 1933.
No class has yet been certified in the above action. UNLESS A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.
If you are a member of the proposed Class and if you wish to serve as lead plaintiff in this class action lawsuit, you must move the Court no later than April 28, 2008. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call Eric J. O'Bell without obligation or cost to you directly at 504-456-8677, or by email at ejo@obelllawfirm.com.
More information on this and other class actions can be found on the Class Action Newsline at http://www.primenewswire.com/ca/