Fleet To Pay $10M Over Cosco Busan Oil Spill

Law360, New York (February 22, 2010, 4:30 PM ET) -- Fleet Management Ltd. will pay $10 million for its role in the Cosco Busan oil spill, caused when the ship struck the San Francisco Bay Bridge in 2007, the U.S. Department of Justice has announced.

Pursuant to a plea agreement with the federal government over criminal charges, Judge Susan Illston of the U.S. District Court for the Northern District of California on Friday ordered Fleet to pay $10 million and institute a series of training and voyage planning reforms, the department said in a statement the...
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