April 29, 2016
Shareholders of a company acquired by Transocean Ltd. cannot sue over a stock drop resulting from the Deepwater Horizon spill because they did not bring the suit within the three-year time limit, a Second Circuit panel said Friday, affirming a lower court's ruling.
March 11, 2014
A New York federal judge tossed a proposed class action Tuesday brought by Transocean Ltd. investors who claimed they were deceived about the company's safety practices when it bought fellow drilling business GlobalSantaFe Corp., finding the suit time-barred by the relevant statute of repose.
October 05, 2012
A New York federal judge on Thursday kept afloat a proposed securities class action by Transocean Ltd. investors who say they were deceived about the company's safety practices when it bought fellow drilling business GlobalSantaFe Corp., finding shareholders provided basic evidence they voted on the deal.