Press release
Transocean Ltd. (NYSE: RIG) Investor Alert: Deadline in Lawsuit on February 24, 2025
A Deadline is coming up on February 24, 2025 in the lawsuit for certain investors in Transocean Ltd. (NYSE: RIG).
Investors who purchased shares of Transocean Ltd. (NYSE: RIG) have certain options and there are strict and short deadlines running. Deadline: February 24, 2025. Transocean Ltd. (NYSE: RIG) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Transocean Ltd. (NYSE: RIG) common shares between October 31, 2023 and September 2, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 31, 2023 and September 2, 2024, , Defendants failed to disclose to investors that the Discoverer Inspiration and the Development Driller III were considered non-strategic assets, that the Company's recorded asset valuations were overstated, that as a result, the Company would take nearly twice the vessels' sale price in impairment if sold, and that, 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.
Those who purchased shares of Transocean Ltd. (NYSE: RIG) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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