SOURCE: Federman & Sherwood

February 29, 2008 20:22 ET

Federman & Sherwood Announces Filing of First Securities Class Action in Texas Against Superior Offshore International Inc. (NASDAQ: DEEP)

OKLAHOMA CITY, OK--(Marketwire - February 29, 2008) - Federman & Sherwood, a law firm specializing in securities and consumer litigation, announces the filing of securities class actions in the Southern District of Texas and Eastern District of Louisiana against Superior Offshore International Inc. (NASDAQ: DEEP) and certain current and former officers and directors. The Complaints allege violations of §11 and §15 of the Securities Act of 1933, including allegations of material misrepresentations and omissions in Superior's IPO prospectus and later to the market. The class period begins with the IPO on April 20, 2007, through the present.

Plaintiff seeks to recover damages on behalf of a purported Class. If you are a member of the Class as described, you may move no later than 60 days from February 28, 2008, to serve as a lead Plaintiff. However, to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice, or preservation of your rights, please contact:

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