Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of February 24, 2025 in Transocean Ltd. Lawsuit - RIG

Core Viewpoint - A class action securities lawsuit has been filed against Transocean Ltd. alleging securities fraud affecting investors between October 31, 2023, and September 2, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Transocean Ltd. made false statements and concealed critical information regarding the non-strategic status of oil rigs Discoverer Inspiration and Development Driller III [2]. - It is alleged that the company's asset valuations were overstated, leading to potential impairment losses nearly double the vessels' sale price if sold [2]. - The positive statements made by the defendants about the company's business and prospects were misleading and lacked a reasonable basis due to the aforementioned issues [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until February 24, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years and is recognized as one of the top securities litigation firms in the United States [4].