LOS ANGELES, CA / ACCESSWIRE / September 11, 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.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm