#United States #New York #Class Action #Gross Law Firm #Transocean Ltd

Important Notice for Transocean Ltd. Shareholders

Investors in Transocean Ltd. (NYSE: RIG) who have suffered financial losses are advised to reach out to The Gross Law Firm regarding a forthcoming class action lawsuit. This notification is particularly relevant for those who bought shares during the specified class action period from October 31, 2023, to September 2, 2024. The accusations against the company include issuing misleading statements about its asset valuations, particularly regarding non-strategic oil rigs and the overall health of its business operations.

Allegations and Background

The lawsuit, as detailed by legal representatives, asserts that during the aforementioned class period, Transocean's officers made significantly false and/or misleading claims, along with failing to disclose important financial information. Key points of concern include:

1. The Discoverer Inspiration and Development Driller III assets were deemed non-strategic, affecting their valuation.
2. Inflated reported asset valuations which did not reflect their true market value.
3. If these vessels were to be sold, the company would incur nearly double the anticipated sale price in impairment.
4. Overall, these inaccuracies contributed to an artificial inflation of the company's stock price, misleading investors about the company’s actual operational capabilities and future outlook.

Due to these allegations, shareholders are strongly encouraged to register for any potential compensation related to the class action. The deadline for filing claims or expressing interest in leading this lawsuit is February 24, 2025. Interested investors can access the registration through the provided link to the submission form. Enrolling in this class action will also give shareholders access to portfolio monitoring software, facilitating status updates on the case.

Next Steps for Interested Shareholders

The Gross Law Firm, which has a noteworthy track record in handling class-action lawsuits for investors, emphasizes that potential plaintiffs are not required to serve as lead plaintiffs to participate in the recovery process. This means that if you're an investor concerned about losses suffered during the specified timeframe, you can still engage with the firm and stand to benefit from the collective legal action.

It is crucial for individuals who invested in RIG shares to take immediate steps, as failing to register could result in missing out on possible compensatory measures stipulated within the class action framework. The law firm offers assurance that there are no costs or obligations associated with participating in the lawsuit.

Contact Information

Investors desiring more information or assistance regarding this class action can reach The Gross Law Firm directly via their New York office:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

With a dedication to advocating for investor rights, The Gross Law Firm encourages all affected shareholders of Transocean Ltd. to act promptly to mitigate their financial losses through this legal avenue.

Stay informed and consider your options as part of this significant collective action, reflecting your rights as an investor and ensuring accountability from corporate entities.

Stay vigilant and protect your investments!