Notice of Filing of Securities Fraud Class Action against Seadrill Limited by Abraham, Fruchter & Twersky, LLP

Abraham, Fruchter & Twersky, LLP has filed a securities fraud class action against SeaDrill Limited (“SeaDrill” or the “Company”) (NASDAQ:SDRL) and certain of its senior executives in the United States District Court for the Southern District of New York (the “Court”).

The case alleges that the defendants made materially false or misleading statements with respect to the Company’s commitment and ability to continuing to pay a dividend to the exclusion of other opportunities and needs for the same capital. A November 26, 2014, press release by the Company brought these facts to light by announcing that the Company had decided to suspend payment of its dividend.

The lawsuit is brought on behalf of a class (the “Class”) of investors who purchased shares of SeaDrill between July 10, 2014 and November 25, 2014, inclusive (the “Class Period”). If you are a member of the Class and wish to serve as a lead plaintiff, then you must move the Court no later than February 3, 2015. You are, however, under no obligation to move for appointment as lead plaintiff.

If you would like to discuss this investigation, or if you have any questions concerning your rights as a potential lead plaintiff, you may contact: Jeffrey S. Abraham or Philip T. Taylor of Abraham, Fruchter & Twersky, LLP toll free at (800) 440-8986, or via e-mail at jabraham@aftlaw.com or ptaylor@aftlaw.com.

Abraham, Fruchter & Twersky, LLP, which is based in New York and has an office in California, has extensive experience in shareholder and securities class action cases, and the firm has been ranked among the leading class action law firms in terms of recoveries achieved by a survey of class action law firms conducted by Institutional Shareholder Services.

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