Ryan & Maniskas, LLP (
) 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
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.
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