Expired
Lead Plaintiff Deadline
Feb 24, 2025
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The filed complaint alleges that Transocean Ltd. made materially false and/or misleading statements and/or failed to disclose 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.
In order to be eligible to join the RIG class action lawsuit, you must have incurred a loss on shares of Transocean Ltd. purchased during the class period listed above.
If you suffered a loss in Transocean Ltd. during the relevant time frame or pursuant to the relevant offering(s), 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.
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