District Court, S.D. New York January 3, 2011, No. 10 Civ. 5233 (NRB) (Foley v. Transocean Ltd.)

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, District Judge.

This action is brought against Transocean Ltd. (“Transocean”) and its current and most recently former CEOs on behalf of a purported class of investors who purchased or otherwise acquired shares in Transocean between August 5, 2009 and June 1, 2010, the class period.