Transocean Ltd. press release

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Transocean Ltd. - RIG

2024-09-07

NYSE - New York Stock Exchange · Oil · Natural Gas · Cobalt · Nickel · Copper · Manganese · Switzerland

NEW YORK, NY / ACCESSWIRE / September 7, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or the "Company") (NYSE:RIG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.comor 646-581-9980, ext. 7980.

The investigation concerns whether Transocean and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[[Click here for information about joining the class action]](https://pr.report/2adk)

On September 3, 2024, Transocean announced that it had it agreed to sell the _Development Driller III_drillship and associated assets for $195 million and the _Discoverer Inspiration_drillship and associated assets for $147 million, as part of the Company's effort to dispose of non-strategic assets. The Company further announced that the sales would results in an estimated third-quarter non-cash charge of $630 million to $645 million associated with the impairment of the assets.

On this news, Transocean's stock price fell $0.42 per share, or 8.86%, to close at $4.32 per share on September 3, 2024.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

SOURCE: Pomerantz LLP

View the original press releaseon accesswire.com