Transocean Ltd. press release

Shareholders that lost money on Transocean Ltd.(RIG) should contact Levi & Korsinsky about pending Class Action - RIG

2025-02-22

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

NEW YORK, NY / ACCESS Newswire / February 22, 2025 /If you suffered a loss on your Transocean Ltd.(NYSE:RIG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:

https://zlk.com/pslra-1/transocean-ltd-lawsuit-submission-form?prid=131443&wire=1

or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.comor call (212) 363-7500 to speak to our team of experienced shareholder advocates.

THE LAWSUIT: A class action securities lawsuit was filed against Transocean Ltd. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between May 1, 2023 and September 2, 2024.

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. stock during the relevant time frame – even if you still hold your shares - go to https://zlk.com/pslra-1/transocean-ltd-lawsuit-submission-form?prid=131443&wire=1to learn about your rights to seek a recovery. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The 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. Attorney Advertising. Prior results do not guarantee similar outcomes.

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 https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

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