{"id":20773,"date":"2025-01-11T05:38:12","date_gmt":"2025-01-11T05:38:12","guid":{"rendered":"https:\/\/wordpress-1147733-4643473.cloudwaysapps.com\/news\/transocean-shareholder-alert-claimsfiler-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit-against-transocean-ltd\/"},"modified":"2025-01-11T05:38:12","modified_gmt":"2025-01-11T05:38:12","slug":"transocean-shareholder-alert-claimsfiler-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit-against-transocean-ltd","status":"publish","type":"post","link":"https:\/\/rvrising.com\/blogs\/news\/transocean-shareholder-alert-claimsfiler-reminds-investors-with-losses-in-excess-of-100000-of-lead-plaintiff-deadline-in-class-action-lawsuit-against-transocean-ltd\/","title":{"rendered":"TRANSOCEAN SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Transocean Ltd."},"content":{"rendered":"

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NEW ORLEANS<\/span><\/span>, Jan. 10, 2025<\/span><\/span> \/PRNewswire\/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 24, 2025<\/span><\/u><\/b> to file lead plaintiff applications in a securities class action lawsuit against Transocean Ltd. (the “Company”) (NYSE: RIG<\/a>), if they purchased the Company’s securities between October 31, 2023<\/span> and September 2, 2024<\/span>, inclusive (the “Class Period”). This action is pending in the United States<\/span> District Court for the Southern District of New York<\/span>.<\/p>\n

Get Help<\/p>\n

Transocean investors should visit us at https:\/\/claimsfiler.com\/cases\/nyse-rig-2\/<\/a> or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.<\/p>\n

About the Lawsuit<\/p>\n

Transocean and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. The alleged<\/span> false and misleading statements and omissions include, but are not limited to, that: (1) the Discoverer Inspiration and the 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.<\/p>\n

On September 3, 2024<\/span>, pre-market, the Company disclosed that it had agreed to sell the Development Driller III and the Discoverer Inspiration rigs and associated assets for an aggregate $342 million<\/span> “as part of the Company’s effort to dispose of non-strategic assets,” which would result in an estimated third-quarter non-cash charge of up to $645 million<\/span> associated with the impairment of said assets. On this news, the price of Transocean’s shares fell $0.42<\/span>, or 8.86%, to close at $4.32<\/span> per share on September 3, 2024<\/span>, on unusually heavy trading volume.<\/p>\n

The case is G\u00e1bor v. Transocean Ltd., et al.<\/i>, No. 24-cv-9964.<\/p>\n

About ClaimsFiler<\/p>\n

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.<\/p>\n

To learn more about ClaimsFiler, visit www.claimsfiler.com<\/a>.<\/p>\n

SOURCE ClaimsFiler<\/p>\n

\"\"<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

NEW ORLEANS, Jan. 10, 2025 \/PRNewswire\/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until February 24, 2025 to file lead plaintiff applications in a securities class action lawsuit against Transocean Ltd. (the “Company”) (NYSE: RIG), if they purchased the Company’s securities between October 31, 2023 and September 2, 2024, inclusive…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[204],"tags":[],"class_list":["post-20773","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/posts\/20773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/comments?post=20773"}],"version-history":[{"count":0,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/posts\/20773\/revisions"}],"wp:attachment":[{"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/media?parent=20773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/categories?post=20773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvrising.com\/blogs\/wp-json\/wp\/v2\/tags?post=20773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}