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5th Circ. Undoes Noble Loss In $50M Rig Damage Suit

By Richard Vanderford (September 17, 2010, 1:08 PM EDT) -- A federal appeals court has reversed a setback for Noble Drilling Services Inc. in a $50 million suit it brought over wire ropes that allegedly snapped and damaged oil rigs, ruling that an arbitration agreement between the wire maker and the distributor does not bind the drilling company....

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