Transocean Ltd. press release

Class Action Filed Against Transocean Ltd. (RIG) - February 24, 2025 Deadline to Join - Contact Levi & Korsinsky

2025-02-14

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

PR Newswire

NEW YORK , Feb. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Transocean Ltd. ("Transocean Ltd." or the "Company") (NYSE: RIG) of a class action securities lawsuit.

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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Transocean Ltd. investors who were adversely affected by alleged securities fraud between May 1, 2023 and September 2, 2024 . Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/transocean-ltd-lawsuit-submission-form?prid=129218&wire=4

RIG investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the oil rigs Discoverer Inspiration and Development Driller III were considered non-strategic assets; (2) the Company's recorded asset valuations were overstated; (3) as a result, the Company would take nearly twice the vessels' sale price in impairment if sold; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in Transocean Ltd. during the relevant time frame, you have until February 24, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States .

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com

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SOURCE Levi & Korsinsky, LLP