Class Action Lawsuit Against Transocean Ltd - The Portnoy Law Firm is advising Transocean Ltd (NYSE: RIG) investors regarding a class action lawsuit representing those who purchased securities between October 31, 2023 and September 2, 2024 [1] - Investors have until February 24, 2025 to file a lead plaintiff motion in the case [1] Allegations Against Transocean - The complaint alleges that during the class period, Transocean made false or misleading statements and failed to disclose important negative information about the company's business, operations, and future outlook [3] - Specifically, the defendants allegedly did not inform investors that: (1) The Discoverer Inspiration and Development Driller III were not considered key assets, (2) The company's asset valuations were inflated, (3) If sold, the company would have to write off almost twice the vessels' sale price, and (4) The defendants' positive statements about the company's business lacked a solid foundation [3] Legal Representation - The Portnoy Law Firm is representing investors in pursuing claims against Transocean for alleged corporate wrongdoing [4] - The firm's founding partner has recovered over $5.5 billion for aggrieved investors in previous cases [4]
Transocean Ltd. Investors: Please contact the Portnoy Law Firm to recover your losses.
Transocean(RIG) GlobeNewswire News Room·2025-01-09 22:57