#United States #New York #Gross Law Firm #Transocean Ltd. #RIG

Attention to Transocean Ltd. Investors

As a shareholder of Transocean Ltd. (NYSE: RIG), it's crucial to remain informed about your rights and potential claims regarding your investments. The Gross Law Firm is extending an important notice for all shareholders who acquired shares during the specified class period.

Key Dates and Information

The Gross Law Firm emphasizes that shareholders who bought RIG shares between October 31, 2023, and September 2, 2024, should reach out before February 24, 2025, to discuss the potential for recovering losses. The firm is prepared to provide all necessary legal guidance and assistance in navigating this process.

Allegations and Concerns

The lawsuit revolves around significant allegations that may have impacted the stock's perceived value and therefore investor confidence. The claims highlight that:
1. Two of Transocean's oil rigs – Discoverer Inspiration and Development Driller III – were identified as non-strategic assets.
2. The firm's asset valuations were inflated, painting an overly rosy picture of its financial standing.
3. Should these assets be sold, the company would incur tremendous impairments nearing double their sale price.
4. Consequently, previous optimistic statements made by the company regarding its business operations and future outlook were misleading.

These developments have led to a heightened concern among investors regarding their investments in Transocean Ltd.

Steps to Take

Shareholders are encouraged to register their interest for this class action as soon as possible. Registration is straightforward through the provided links, ensuring shareholders enroll in an updated portfolio monitoring to keep track of the case’s status throughout its progression. There is no cost or obligation for investors to participate as a lead plaintiff, though doing so may enhance their standing in the collective pursuit of damages.

Why Work with The Gross Law Firm?

The Gross Law Firm prides itself on its national recognition in handling class action lawsuits, particularly those safeguarding investors from deceptive practices. The firm adheres to a mission focused on promoting responsible business conduct and holding companies accountable for their obligations to shareholders. They have pledged to provide vigorous representation for investors who have incurred losses due to misleading statements or failures to disclose pertinent information about a company’s financial health.

Contact Information

For any inquiries or to discuss your eligibility further, contact The Gross Law Firm:

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

In conclusion, time is of the essence. Shareholders of Transocean Ltd. are urged to act promptly to protect their rights and potentially recover losses incurred during the class period. Don’t delay in ensuring your voice is heard and your investments are safeguarded.