ATLANTA, GA – – (Globe Newswire – December 30, 2024) – – A shareholder class action lawsuit has been filed against Transocean Ltd. (“Transocean” or the “Company”) (NYSE: RIG). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about Transocean’s business, operations, and prospects, including allegations that: (1) the Discoverer Inspiration and the Development Driller III were considered non-strategic assets; (2) Transocean’s recorded asset valuations were overstated; and (3) as a result, the Company would take nearly twice the vessels’ sale price in impairment if sold.

If you bought shares of Transocean between October 31, 2023 and September 2, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/transocean/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is February 24, 2025.