Lead Plaintiff Deadline is Approaching - Act Now

Transocean Ltd® Class Action

Gbor v. Transocean Ltd. et al.

NASDAQ: RIG

Class Period : October 31, 2023 -- September 2, 2024

Lead Plaintiff Motion Deadline: 2/24/2025

Alleged Misstatements and Omissions
The Transocean class action lawsuit accuses the company of misleading statements and failing to disclose critical information about its business operations and asset values. Specific claims include:

  • Non-Strategic Assets: Transocean did not disclose that the Discoverer Inspiration and Development Driller III rigs were considered non-strategic assets, significantly impacting their value.
  • Overstated Asset Valuations: The company failed to reveal that the recorded asset valuations for these rigs were overstated, leading investors to believe the company was in a stronger financial position than it was.
  • Impairment Charges: Given these undisclosed facts, if the vessels were sold, Transocean would have to take a significant impairment charge of nearly double their sale price.

These omissions and misleading statements misrepresented the company's financial health and misled investors about the actual value of its assets.

Effects on Stock Prices
On September 3, 2024, Transocean disclosed the Discoverer Inspiration and the Development Driller III sale for $342 million, along with an estimated third-quarter non-cash impairment charge of up to $645 million. This announcement revealed that the company's expected proceeds were about half the impairment value, signaling a significant overvaluation of these assets.

As a result of this news, Transocean's stock price dropped by $0.42, or 8.86%, closing at $4.32 per share. This decline occurred on unusually high trading volume, reflecting the substantial negative impact on shareholders.

Legal Rights for Affected Shareholders
Investors who purchased Transocean shares during the class period and suffered financial losses may have legal grounds to seek compensation. The lawsuit claims that Transocean misled investors about its assets' value and economic outlook.

By joining the class action, affected investors can:

  • Seek compensation for their financial losses tied to Transocean stock.
  • Hold the company accountable for its misleading statements and lack of transparency.
  • Demand greater accountability and fairness in corporate communications.

If you purchased Transocean shares and experienced losses, you may qualify to participate in this class action.

Take Action Today
To protect your legal rights, contact experienced legal professionals specializing in securities fraud cases. Ensure that your claim is filed before the legal deadlines pass.

Joining the Transocean class action will allow you to stand with other affected investors, seeking accountability and fair compensation for your losses. Don't wait—take action now to safeguard your rights.

image-10

DiCello Levitt Fights to Protect Shareholder Rights  

At DiCello Levitt, we defend shareholders like you against deceptive corporate practices. With a proven track record in class action lawsuits, we will work tirelessly to secure the compensation you deserve.  

Here's how we can help:  

  1. Conduct a thorough investigation into your claims.  
  2. Build a strong case to hold Transocean Ltd.® accountable.  
  3. Pursue maximum compensation for your financial losses.  

You don't have to face this fight alone. Contact DiCello Levitt today for a free, private case evaluation. Together, we'll explore your legal options and assess your potential compensation. Take action now to protect your rights and reclaim what you've lost.  

All victims affected by Transocean Ltd.® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Transocean Ltd® Class Action

City of Hollywood Firefighters' Pension Fund v. ASML Holding N.V. et al.

ASML Holding N.V.

NASDAQ: ASML

Class Period : 01/24/2024 - 10/15/2024

Lead Plaintiff Motion Deadline: 1/13/2025

Alleged Misstatements and Omissions
The Transocean class action lawsuit accuses the company of misleading statements and failing to disclose critical information about its business operations and asset values. Specific claims include:

  • Non-Strategic Assets: Transocean did not disclose that the Discoverer Inspiration and Development Driller III rigs were considered non-strategic assets, significantly impacting their value.
  • Overstated Asset Valuations: The company failed to reveal that the recorded asset valuations for these rigs were overstated, leading investors to believe the company was in a stronger financial position than it was.
  • Impairment Charges: Given these undisclosed facts, if the vessels were sold, Transocean would have to take a significant impairment charge of nearly double their sale price.

These omissions and misleading statements misrepresented the company's financial health and misled investors about the actual value of its assets.

Effects on Stock Prices
On September 3, 2024, Transocean disclosed the Discoverer Inspiration and the Development Driller III sale for $342 million, along with an estimated third-quarter non-cash impairment charge of up to $645 million. This announcement revealed that the company's expected proceeds were about half the impairment value, signaling a significant overvaluation of these assets.

As a result of this news, Transocean's stock price dropped by $0.42, or 8.86%, closing at $4.32 per share. This decline occurred on unusually high trading volume, reflecting the substantial negative impact on shareholders.

Legal Rights for Affected Shareholders
Investors who purchased Transocean shares during the class period and suffered financial losses may have legal grounds to seek compensation. The lawsuit claims that Transocean misled investors about its assets' value and economic outlook.

By joining the class action, affected investors can:

  • Seek compensation for their financial losses tied to Transocean stock.
  • Hold the company accountable for its misleading statements and lack of transparency.
  • Demand greater accountability and fairness in corporate communications.

If you purchased Transocean shares and experienced losses, you may qualify to participate in this class action.

Take Action Today
To protect your legal rights, contact experienced legal professionals specializing in securities fraud cases. Ensure that your claim is filed before the legal deadlines pass.

Joining the Transocean class action will allow you to stand with other affected investors, seeking accountability and fair compensation for your losses. Don't wait—take action now to safeguard your rights.

image-10

DiCello Levitt Fights to Protect Shareholder Rights  

At DiCello Levitt, we defend shareholders like you against deceptive corporate practices. With a proven track record in class action lawsuits, we will work tirelessly to secure the compensation you deserve.  

Here's how we can help:  

  1. Conduct a thorough investigation into your claims.  
  2. Build a strong case to hold Transocean Ltd.® accountable.  
  3. Pursue maximum compensation for your financial losses.  

You don't have to face this fight alone. Contact DiCello Levitt today for a free, private case evaluation. Together, we'll explore your legal options and assess your potential compensation. Take action now to protect your rights and reclaim what you've lost.  

All victims affected by Transocean Ltd.® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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Transocean Ltd.® Investors may have grounds to pursue legal action and financial recovery of damages.

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