RIG INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Transocean Ltd. Investors with Substantial Losses Have Opportunity to Lead Investor 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].