Scienter Allegations Fall Short In Stock Drop Suit Against Drilling Company

( September 29, 2026, 2:35 PM EDT) -- NEW YORK — A federal judge in New York dismissed an investor’s putative securities fraud class action against a global offshore drilling company and certain of executives for alleged misstatements about the readiness of two rigs to conduct operations, finding that the investor’s allegations did not give rise to the requisite strong inference of scienter....