RIG Investors Have Opportunity to Join Transocean Ltd. Fraud Investigation with the Schall Law Firm

Published 3 months ago via Business Wire

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Transocean Ltd. (“Transocean” or “the Company”) (NYSE: RIG) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Transocean announced on September 3, 2024, that it had reached an agreement to sell the Development Driller III vessel and related assets for $147 million. The sale was part of the Company’s plan to dispose of non-strategic assets. The Company announced that the sale would result in a Q3 non-cash charge of $630 to $645 million related to the impairment of the assets. Based on this news, shares of TransOcean fell by 8.86% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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