{"id":802299,"date":"2025-01-20T05:51:44","date_gmt":"2025-01-20T10:51:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/"},"modified":"2025-01-20T05:51:44","modified_gmt":"2025-01-20T10:51:44","slug":"the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/","title":{"rendered":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 20, 2025<\/span><\/span> \/PRNewswire\/ &#8212; The Gross Law Firm issues the following notice to shareholders of <b>Transocean Ltd. (NYSE: RIG).<\/b><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg\" title=\"The Gross Law Firm (PRNewsfoto\/The Gross Law Firm)\" alt=\"The Gross Law Firm (PRNewsfoto\/The Gross Law Firm)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>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.<\/p>\n<p class=\"prntac\">CONTACT US HERE:<br \/><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4343348-8&amp;h=1402674640&amp;u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Ftransocean-ltd-loss-submission-form%2F%3Fid%3D123372%26from%3D4&amp;a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Ftransocean-ltd-loss-submission-form%2F%3Fid%3D123372%26from%3D4\" target=\"_blank\" rel=\"nofollow\">https:\/\/securitiesclasslaw.com\/securities\/transocean-ltd-loss-submission-form\/?id=123372&amp;from=4<\/a><\/p>\n<p>\n        <b>CLASS PERIOD: <\/b><br \/>\n        <span class=\"xn-chron\">October 31, 2023<\/span> to <span class=\"xn-chron\">September 2, 2024<\/span><\/p>\n<p>\n        <b>ALLEGATIONS: <\/b>The complaint <span>alleges<\/span> 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\u00a0 Development Driller III were considered non-strategic assets; (2) the Company&#8217;s recorded asset valuations were overstated; (3) as a result, the Company would take nearly twice the vessels&#8217; sale price in impairment if sold;\u00a0 and (4)\u00a0 as a result of the foregoing, defendants&#8217; positive statements about the Company&#8217;s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>\n        <b>DEADLINE: <span class=\"xn-chron\">February 24, 2025<\/span><\/b> Shareholders should not delay in registering for this class action. Register your information here: <a href=\"https:\/\/securitiesclasslaw.com\/securities\/transocean-ltd-loss-submission-form\/?id=123372&amp;from=4\" rel=\"nofollow\">https:\/\/securitiesclasslaw.com\/securities\/transocean-ltd-loss-submission-form\/?id=123372&amp;from=4<\/a><\/p>\n<p>\n        <b>NEXT STEPS FOR SHAREHOLDERS: <\/b>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 <span class=\"xn-chron\">February 24, 2025<\/span>. There is no cost or obligation to you to participate in this case.<\/p>\n<p>\n        <b>WHY GROSS LAW FIRM? <\/b>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, <span>fraud<\/span>, 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&#8217;s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <b>CONTACT:<\/b><br \/>\n        <br \/>The Gross Law Firm<br \/>15 West 38th Street, 12th floor<br \/><span class=\"xn-location\">New York, NY<\/span>, 10018<br \/>Email: <a href=\"mailto:dg@securitiesclasslaw.com\" target=\"_blank\" rel=\"nofollow\">dg@securitiesclasslaw.com<\/a><br \/>Phone: (646) 453-8903<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY99234&amp;sd=2025-01-20\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltdrig-shareholders-302354804.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltdrig-shareholders-302354804.html<\/a><\/p>\n<p>SOURCE  The Gross Law Firm<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY99234&amp;Transmission_Id=202501200545PR_NEWS_USPR_____NY99234&amp;DateId=20250120\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Jan. 20, 2025 \/PRNewswire\/ &#8212; 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=123372&amp;from=4 CLASS PERIOD: October 31, 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\u00a0 Development Driller III were considered non-strategic assets; (2) the Company&#8217;s recorded asset valuations were overstated; (3) as a result, the Company &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-802299","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Jan. 20, 2025 \/PRNewswire\/ &#8212; 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=123372&amp;from=4 CLASS PERIOD: October 31, 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\u00a0 Development Driller III were considered non-strategic assets; (2) the Company&#8217;s recorded asset valuations were overstated; (3) as a result, the Company &hellip; Continue reading &quot;The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-20T10:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders\",\"datePublished\":\"2025-01-20T10:51:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\\\/\"},\"wordCount\":407,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2280333\\\/The_Gross_Law_Firm_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\\\/\",\"name\":\"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders - 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(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=123372&amp;from=4 CLASS PERIOD: October 31, 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\u00a0 Development Driller III were considered non-strategic assets; (2) the Company&#8217;s recorded asset valuations were overstated; (3) as a result, the Company &hellip; Continue reading \"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-20T10:51:44+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders","datePublished":"2025-01-20T10:51:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/"},"wordCount":407,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2280333\/The_Gross_Law_Firm_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-gross-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-transocean-ltd-rig-shareholders\/","name":"The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders - 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