Press release from Business Wire
Ryan & Maniskas, LLP Announces Investigation on Behalf of Participants in Transocean Ltd.'s 401k Retirement Plans
Tuesday, May 25, 2010
Ryan & Maniskas, LLP Announces Investigation on Behalf of Participants in Transocean Ltd.'s 401k Retirement Plans18:00 EDT Tuesday, May 25, 2010 WAYNE, Pa. (Business Wire) -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/transocean401k) announces that it is investigating potential claims against Transocean Ltd. ("Transocean" or the "Company") (NYSE:RIG) concerning whether the Company's retirement plans imprudently invested in Transocean stock and whether the Plans' administrators breached their fiduciary duties to participants in violation of the Employee Retirement Income Security Act of 1974 (“ERISA”). For more information regarding this investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/transocean401k. Our investigation concerns whether Transocean, which permitted investment of Company stock in Transocean's retirement plans, breached its fiduciary duty to plan participants by failing to disclose known hazards associated with its use of certain blowout preventers on ultra-deepwater drilling engagements from investors in its 2009 and 2010 statements. These actions made investing in Transocean stock by plan participants an imprudent investment. For more information about the case or to participate online, please visit: www.rmclasslaw.com/cases/transocean401k, or contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218, or by e-mail at email@example.com. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.