Transocean Ltd. Investors: Please contact the Portnoy Law Firm to recover your losses. February 24, 2025 Deadline to file Lead Plaintiff Motion

Investors can contact the law firm at no cost to learn more about recovering their losses

/EIN News/ -- LOS ANGELES, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Transocean Ltd. ("Transocean" or the "Company") (NYSE: RIG) investors of a class action representing investors that bought securities between October 31, 2023 and September 2, 2024, inclusive (the "Class Period"). Transocean investors have until February 24, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The complaint claims that, during the Class Period, the Defendants made false or misleading statements and failed to reveal important negative information about the Company’s business, operations, and future outlook. Specifically, the complaint states that the Defendants did not inform investors about the following: (1) The Discoverer Inspiration and the Development Driller III were not considered key assets; (2) The Company’s asset valuations were inflated; (3) As a result, if sold, the Company would have to write off almost twice the vessels' sale price; and (4) Because of these issues, the Defendants' positive statements about the Company’s business, operations, and future were misleading or lacked a solid foundation.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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