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Transocean Says Underwriters Pushed to Limit Liability

Posted on May 29, 2010 by 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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