RIG SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Transocean Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit! ...

Core Viewpoint - The Transocean class action lawsuit alleges that the company and certain executives made misleading statements regarding asset valuations and the status of specific drilling rigs, leading to significant financial losses for investors during the class period from October 31, 2023, to September 2, 2024 [1][3][4]. Group 1: Lawsuit Details - The lawsuit is titled Gábor v. Transocean Ltd., No. 24-cv-09964 (S.D.N.Y.), and it allows investors who purchased Transocean securities during the class period to seek appointment as lead plaintiff by February 24, 2025 [1][5]. - Transocean is accused of marking its Discoverer Inspiration and Development Driller III rigs as "idle," indicating they were available for operations but were actually considered non-strategic assets [2][3]. - The lawsuit claims that Transocean's asset valuations were overstated, and if the vessels were sold, the company would incur nearly double the sale price in impairment charges [3]. Group 2: Financial Impact - On September 3, 2024, Transocean announced the sale of the Development Driller III and Discoverer Inspiration for a total of $342 million, which would result in a non-cash charge of up to $645 million in the third quarter due to asset impairment [4]. - Following this announcement, Transocean's stock price fell nearly 9%, reflecting the market's reaction to the impairment news [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit and is recognized as a top law firm in securities fraud cases, having recovered $6.6 billion for investors in related class actions [6].

Shareholders that lost money on Transocean Ltd. (RIG) should contact Levi & Korsinsky about pending Class Action - RIG ...

Core Viewpoint - A class action lawsuit has been filed against Transocean Ltd. (RIG), with a deadline for potential participants set for February 24, 2025 [1] Group 1 - The lawsuit is being led by the law firm Levi & Korsinsky, indicating a significant legal challenge for the company [1] - The filing suggests potential concerns regarding the company's practices or disclosures that may have affected investors [1] - The deadline for joining the class action highlights the urgency for affected investors to take action [1]

Levi & Korsinsky Reminds Transocean Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 24, 2025 - RIG ...

RIG INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Transocean Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit! ...

Shareholders that lost money on Transocean Ltd. (RIG) Urged to Join Class Action - Contact Levi & Korsinsky to Learn More ...

RIG LAWSUIT ALERT: Levi & Korsinsky Notifies Transocean Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline ...

Transocean Ltd. Class Action: Levi & Korsinsky Reminds Transocean Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 24, 2025 – RIG ...

Core Viewpoint - Transocean Ltd. is facing a lawsuit for violations of securities laws, which has prompted affected investors to reach out to the Schall Law Firm for assistance [1] Group 1 - The lawsuit indicates potential legal challenges for Transocean Ltd. regarding its compliance with securities regulations [1] - Investors impacted by the alleged violations are encouraged to seek legal representation to address their concerns [1]