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FOLEY v. TRANSOCEAN LTD.

No. 10 Civ. 5233 (NRB).

861 F.Supp.2d 197 (2012)

Donald P. FOLEY, on behalf of himself and all others similarly situated, Plaintiff, v. TRANSOCEAN LTD., Steven L. Newman, and Robert L. Long, Defendants.

United States District Court, S.D. New York.

March 20, 2012.

Attorney(s) appearing for the Case

Gregory M. Castaldo, Esq. , Kessler Topaz Meltzer & Check, LLP, Radnor, PA, for Plaintiff.

John H. Fleming, Esq. , Sutherl Asbill & Brennan LLP, Atlanta, GA, John W. Spiegel, Esq. , Mungeir, Tolles & Olson LLP, Los Angeles, CA, for Defendants.

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, District Judge.

This securities class action against Transocean Ltd. ("Transocean") and its current and former Chief Executive Officers ("CEOs") follows in the wake of the tragic accident on the Deepwater Horizon on April 20, 2010. Lead Plaintiff Danica Pension A/S ("Lead Plaintiff") brings the action on behalf of a putative class of investors who purchased or otherwise acquired shares in Transocean between August...

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