#United States #New York #Class Action #Securities Fraud #Transocean Ltd

Investors Urged to Join Transocean Ltd. Class Action

Investors who have incurred financial losses in Transocean Ltd. (NYSE: RIG) are being alerted by Levi & Korsinsky, LLP regarding a pending class action lawsuit. This legal action is aimed at recovering losses sustained by those affected by alleged securities fraud occurring between May 1, 2023, and September 2, 2024.

What You Need to Know

This class action focuses on multiple allegations concerning Transocean's operations. The lawsuit claims that the company misrepresented material facts related to its business assets and financial health, particularly concerning the Discoverer Inspiration and Development Driller III oil rigs. More specifically, the allegations include:

1. Failure to disclose that certain assets were non-strategic.
2. Overstated valuations regarding these assets.
3. A projected impairment nearly doubling the expected sale price, if sold.
4. This misleading information led to inaccuracies in the positive statements made by company executives about its business prospects.

Your Options

If you believe you have been adversely affected by these misrepresentations, you may be eligible to join the lawsuit. Key deadlines are approaching: February 24, 2025 is the cut-off date to request an appointment as lead plaintiff, though participation doesn’t require this role. Taking action now can allow you to share in any potential recoveries, and importantly, there are no costs involved for class members. Should the action be successful, compensation is available without requiring out-of-pocket expenditures.

Levi & Korsinsky is known for its expertise and impressive track record, having recovered hundreds of millions for shareholders in similar lawsuits. The firm has extensive experience in complex securities litigation with a dedicated team available to support its clients.

How to Get Involved

To learn more about your options or to get in touch with Levi & Korsinsky:

• - Visit: Levi & Korsinsky Website
• - Email: contact@zlk.com
• - Phone: (212) 363-7500

Conclusion

As this case progresses, it is crucial for affected investors to stay informed about their rights and options. Involvement in this class action could potentially lead to restitution for the financial losses endured. Levi & Korsinsky is committed to assisting shareholders in navigating this critical situation toward a favorable resolution.