June 22, 2016
A Manhattan federal judge has tossed a consolidated class action claiming that Seadrill Ltd. misled investors with vows to preserve chunky dividend payments despite uncertainty over contracts with a Russian government-controlled oil company, saying investors hadn't identified any deceptive statements.
March 24, 2015
A Manhattan federal judge on Tuesday consolidated three fraud class action suits claiming Bermuda-based Seadrill Ltd. misled investors with vows to preserve its chunky dividend payments, adding to the original stock-purchasing plaintiffs a new universe of claimants who bought options in the offshore drilling giant.
December 05, 2014
Shareholders of Seadrill Ltd. hit the offshore drilling company with a putative class action on Friday in New York federal court, alleging their American depositary shares plummeted because the company falsely reported it was in great financial shape.