StockNews.AI
RIG
StockNews.AI
188 days

Transocean Ltd. Sued for Securities Law Violations – Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights – RIG

1. Class action filed against RIG for misleading asset valuations. 2. Allegations suggest RIG's asset values were inflated. 3. Impending impairment from non-strategic assets could dramatically affect earnings. 4. Shareholders encouraged to participate by registering for the lawsuit. 5. The deadline for lead plaintiff application is February 24, 2025.

4m saved
Insight
Article

FAQ

Why Bearish?

The complaints imply potential financial restatements and loss of investor confidence, similar to past cases affecting oil firms.

How important is it?

The article details significant legal actions that typically lead to stock price volatility.

Why Short Term?

The immediate legal implications might weigh on RIG's stock until resolution, comparable to other class actions.

Related Companies

RIGOIHBHI
NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) -- 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=128757&from=3 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=128757&from=3 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: dg@securitiesclasslaw.comPhone: (646) 453-8903

Related News