Transocean Investors with Losses Over $100,000: Deadline Approaching for Lead Plaintiff Status in Class Action Lawsuits

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da5d521ecd55b3dddcac53d158e35586 1 TRANSOCEAN SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Transocean Ltd. - RIG

NEW ORLEANS, February 7, 2025 — ClaimsFiler, a free shareholder resource, advises investors that the deadline to apply for lead plaintiff status in securities class action lawsuits against Transocean Ltd. (NYSE: RIG) is February 24, 2025. This applies to investors who bought the company’s securities between May 1, 2023 and September 2, 2024. These lawsuits are before the U.S. District Court for the Southern District of New York.

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Transocean investors can visit us at or call (844) 367-9658. Kahn Swick & Foti, LLC attorneys can discuss your legal options.

About the Lawsuits

Transocean and some executives are accused of failing to disclose material information during the class period, violating federal securities laws. The alleged false or misleading statements included claims that: (1) the Discoverer Inspiration and Development Driller III were considered non-strategic assets; (2) the Company’s asset valuations were overstated; (3) the company would record an impairment charge almost double the rigs’ sale price; and (4) statements about the Company’s business were materially misleading or lacked reasonable basis.

On September 3, 2024, the Company announced the sale of the Development Driller III and Discoverer Inspiration rigs and related assets for $342 million, citing efforts to divest non-strategic assets. This would lead to a third-quarter non-cash charge of up to $645 million for impairment. Following this news, Transocean’s share price dropped $0.42 (8.86%), closing at $4.32 on September 3, 2024, on high trading volume.

The cases are Gábor v. Transocean Ltd., et al., No. 24-cv-9964, and Matteson v. Transocean Ltd., et al., No. 25-cv-1112 (which expanded the class period).

About ClaimsFiler

ClaimsFiler helps retail investors recoup their share of securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free access to information and settlement websites; (2) upload portfolio data for notifications on relevant cases; and (3) request free case evaluations from Kahn Swick & Foti, LLC.

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SOURCE ClaimsFiler

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