Transocean(RIG) Prnewswire·2025-01-06 10:45Class Action Notice - The Gross Law Firm is issuing a notice to shareholders of Transocean Ltd (NYSE: RIG) who purchased shares during the class period from October 31, 2023, to September 2, 2024, encouraging them to contact the firm regarding possible lead plaintiff appointment [1] - Shareholders who register will be enrolled in a portfolio monitoring software to receive status updates throughout the case lifecycle, with the deadline to seek lead plaintiff status being February 24, 2025 [2] Allegations - The complaint alleges that during the class period, Transocean Ltd issued materially false and/or misleading statements and/or failed to disclose that the oil rigs Discoverer Inspiration and Development Driller III were considered non-strategic assets [1] - The company's recorded asset valuations were allegedly overstated, and if sold, the company would take nearly twice the vessels' sale price in impairment [1] - As a result, the defendants' positive statements about the company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis [1] About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors who have suffered losses due to deceit, fraud, and illegal business practices [3] - The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company led to artificial inflation of the company's stock [3]