BP Complaints

Transocean Says Underwriters Pushed to Limit Liability
Transocean, the company that owns the sunken Deepwater Horizon oil rig, filed a motion in federal court two weeks ago seeking to limit its courtroom losses to .7 million. In written testimony submitted to the House Judiciary Committee, a Transocean lawyer said today that underwriters forced the company’s hand. “Our underwriters instructed us to file such an action, and failure to do so could …
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