NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Transocean Ltd. ("Transocean" or the "Company") (NYSE: RIG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Transocean and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On September 3, 2024, Transocean announced that it had it agreed to sell the Development Driller III drillship and associated assets for $195 million and the Discoverer Inspiration drillship and associated assets for $147 million, as part of the Company's effort to dispose of non-strategic assets. The Company further announced that the sales would results in an estimated third-quarter non-cash charge of $630 million to $645 million associated with the impairment of the assets. 

On this news, Transocean's stock price fell $0.42 per share, or 8.86%, to close at $4.32 per share on September 3, 2024.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

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CONTACT:

Danielle Peyton

Pomerantz LLP

dpeyton@pomlaw.com

646-581-9980 ext. 7980

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SOURCE Pomerantz LLP