May 18, 2009

TRANSOCEAN LTD: Appeal to Contest $115M Tax Assessments Pending

COMPANIES: Transocean Ltd

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Transocean Ltd.’s appeal, which disputes US$115 million in tax assessments, is pending in the Rio de Janeiro state Taxpayer’s Council.

In the third quarter of 2006, the Company received tax assessments of US$115 million from the state tax authorities of Rio…

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TOPICS: Earnings | Legal Issues, Litigation | Loans & Financing | Oil | Oil Equipment & Services | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US

LOCATIONS: Switzerland