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Deepwater Horizon owner Transocean seeks liability limit

Transocean, owner of the Deepwater Horizon rig that exploded and sank last month killing 11 and creating a growing oil spill, today got a Houston judge to stay pending cases against the company. U.S. District Judge Keith Ellison today issued an order suspending cases against Transocean because the company filed a request to limit its […]

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Oil Spill Defendants Continue to Play Blame Game

The finger-pointing game over the still-gushing oil disaster came full circle on Capitol Hill on Wednesday. Cameron International Corp. completed the circle when CEO Jack Moore laid the blame elsewhere in trying to explain to a House Energy and Commerce subcommittee what caused the April 20 explosion in the Gulf of Mexico. Moore, whose company supplied […]

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Transocean Asks to Cap Rig Liability at $26.7 Million

Transocean Ltd., the owner and operator of the oil rig leased to BP Plc which exploded last month and killed 11 men, has asked a U.S. judge to limit its liability to $26.7 million. The request, filed today in Houston federal court under a 150-year-old law originally designed for the shipping industry, applies to all […]

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TRANSOCEAN SEEKS TO LIMIT ITS LIABILITY TO $27 MILLION

Despite the fact that it received $430 million from its insurance company, Transocean today announced to its shareholders that it intends to seek to limit its liability to the Deepwater Horizon explosion and sinking to only $27 million. This effort by Transocean comes despite the fact that, less than two weeks ago, Transocean received a payment […]

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Rig Workers Made to Sign Statements after Blast

Transocean Asked Traumatized Workers to Disavow "First Hand or Personal Knowledge" of Events, Lawyers Say Workers aboard an exploding offshore drilling platform were told to sign statements denying they were hurt or witnessed the blast that rocked the rig, killed 11 and spewed millions of gallons of oil into the ocean, their attorneys said Tuesday. […]

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Transocean To Workers After Rig Explosion: Sign The Waiver Here, Please!

When rescued workers were brought ashore following the explosion on the Deepwater Horizon rig last month, officials with drilling giant Transocean presented them with forms stating they had not been injured and that they had no first-hand knowledge of what happened. Lawyers for the workers are now crying foul about what they say is an all too […]

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Deepwater Horizon Survivors Tell ABC News No Alarm Sounded Before Blast, Safety Gear Failed

'It Was Chaos,' Says Survivor; Industry Officials Acknowledge Failures Of Safety Equipment On Oil Rig Survivors of last week's massive oil rig explosion have told ABC News that alarms meant to warn them of an imminent blast never sounded, and oil industry experts now agree that a critical failsafe needed to prevent the blast and […]

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Judge awards damages to injured oil rig worker

On June 18, a judge awarded $518,000 to a worker whose fingers were crushed in an accident on an oil rig. In 2005, Ryan Speights, a Diamond Offshore Management Co. employee, was cleaning a piece of equipment with a riser brush owned by Baker Hughes Oilfield Operations. A Baker Hughes employee was also there to […]

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High Court Says Barges, Tugs Fall Under OSHA Safety Rules

The U.S. Supreme Court ruled Wednesday that federal regulators can impose strict worker safety standards on barges and tugboats. The court rejected arguments that the industry was being double-regulated by the Coast Guard and the Occupational Safety and Health Administration. The court also held that marine workplaces such as oil rigs are not different from […]

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Like Price Fixing, Wage Fixing Illegal

Price-fixing cases are fairly common. And there's an interesting one going on now in New York over whether executives from the two giant auction companies, Christie's and Sotheby's, agreed to fix commissions and eliminate discounts. But it's fairly rare for companies to end up in court over another type of antitrust complaint — getting together […]

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