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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of February 24, 2025 in Transocean Ltd. Lawsuit - RIG

1. Gross Law Firm files a class action lawsuit against RIG. Deadline February 24, 2025. 2. Allegations claim false asset valuations and undisclosed non-strategic rigs. Shares impacted. 3. Class period May 2023 - Sept 2024; free registration. Monitoring updates provided thereafter.

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Why Bearish?

Allegations of overstated asset valuations and asset misclassification spark legal uncertainty. Historical cases of similar lawsuits led to short-term price declines.

How important is it?

The lawsuit raises questions over RIG’s financial disclosures and asset integrity, influencing investor sentiment. Though outcome remains uncertain, the risk is notable.

Why Short Term?

Legal news like this often triggers immediate volatility until litigation resolves. Past examples show short-term investor reactions.

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NEW YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Transocean Ltd. (NYSE: RIG). Shareholders who purchased shares of RIG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/transocean-ltd-loss-submission-form/?id=130516&from=4 CLASS PERIOD: May 1, 2023 to September 2, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the oil rigs Discoverer Inspiration and 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. DEADLINE: February 24, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/transocean-ltd-loss-submission-form/?id=130516&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RIG during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 24, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm

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