Transocean Investor Suit Brought Too Late, 2nd Circ. Says
By Stewart Bishop ( March 17, 2016, 6:42 PM EDT) -- The Second Circuit on Thursday refused to revive a proposed class action brought by Transocean Ltd. investors who claimed they were deceived about company safety practices by the owner of the ill-fated Deepwater Horizon drilling rig when Transocean merged with GlobalSantaFe Corp., agreeing with a lower court that the case is untimely....
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