PHILADELPHIA, PA / ACCESS Newswire / February 19, 2025 / Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of Transocean Ltd. ("Transocean" or the "Company") (NYSE:RIG) who purchased or otherwise acquired Transocean securities between May 1, 2023 and September 2, 2024, inclusive (the "Class Period").
TRANSOCEAN INVESTORS WITH LOSSES GREATER THAN $75,000 ARE ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C. BY SENDING US A MESSAGE OR COMPLETING OUR SECURITIES QUESTIONNAIRE.
According to the complaint, throughout the Class Period, the Transocean defendants allegedly failed to disclose that the Discoverer Inspiration and the Development Driller III were considered non-strategic assets; Transocean’s recorded asset valuations were overstated; and the sale of these rigs would result in a significant impairment charge of nearly twice the sale price of the vessels. As a result, the Company’s statements about its business, operations, and prospects allegedly were materially misleading or lacked a reasonable basis.
Lead Plaintiff Deadline: Transocean shareholders who purchased or otherwise acquired their securities during the Class Period have until February 24, 2025 to petition the Court to seek appointment as lead plaintiff in the securities class action lawsuit. The court-appointed lead plaintiff is the investor with the largest financial interest who is adequate and typical of the class. Your ability to share in any recovery is unaffected by this decision.
Transocean Investors: Learn More About the Class Action and Your Legal Options
Transocean investors with financial losses greater than $75,000 who want to learn more about the lawsuit or discuss potential legal claims can also contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, myarnoff@kehoelawfirm.com, info@kehoelawfirm.com, for a free, no-obligation legal evaluation.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and corporate misconduct. Our attorneys have served as Lead or Co-Lead Counsel in cases recovering over $10 billion on behalf of institutional and individual investors and consumers.
This press release may constitute attorney advertising.
SOURCE: Kehoe Law Firm, P.C.
View the original press release on ACCESS Newswire
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