So What: If you purchased Transocean securities during the Class Period, you may be eligible for compensation without paying any out-of-pocket fees or costs under a contingency fee arrangement.What to Do Next: To join the Transocean class action, go to https://rosenlegal.com/submit-form/?case_id=32789, or contact Phillip Kim, Esq. toll-free at 866-767-3653 or case@rosenlegal.com. A class-action complaint has already been filed. If you want to be the main plaintiff, you must file a motion with the court by February 24, 2025. A lead plaintiff is a representative party who directs the case on behalf of the class as a whole.
Why Rosen Law? We encourage investors to seek experienced advice with a track record of accomplishment in leadership positions. Often, firms that issue notices lack similar experience, resources, or significant peer recognition. Many of these firms do not actively litigate securities class actions, but rather function as referral agencies or collaborate with law firms that do. Make an informed decision when seeking counsel. The Rosen Law Firm represents investors around the world, specializing in securities class actions and shareholder derivative litigation. Rosen Law Firm obtained the largest-ever securities class action settlement against a Chinese company at the time. Rosen Law Firm was ranked first by ISS Securities Class Action Services in terms of securities class action settlements in 2017. Since 2013, the firm has consistently been in the top four, recovering hundreds of millions of dollars for investors. In 2019, the firm raised more than $438 million for investors. In 2020, law360 designated founding partner Laurence Rosen a Titan of the Plaintiffs’ Bar. Many of the firm’s attorneys have received recognition from Lawdragon and Super Lawyers.
Details about the case: According to the lawsuit, throughout the Cass Period, defendants made false and misleading statements and/or failed to disclose that: (1) the Discoverer Inspiration and the Development Driller III were considered non-strategic assets; (2) Transocean’s recorded asset valuations were overstated; (3) Transocean would take nearly twice the vessels’ sale price in impairment if sold; and (4) as a result of the foregoing, defendants’ positive statements about Trans When the full details became public, the lawsuit argues that investors incurred damages.
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