The Schall Law Firm Encourages Investor Participation In An Inquiry Into Transocean Ltd For Securities Law Violations

LOS ANGELES, CA / ACCESSWIRE / October 30, 2024 / 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.

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