Transocean Says BP Win Would Exhaust Its Spill Coverage

By Juan-Carlos Rodriguez (December 19, 2012, 4:55 PM EST) -- Transocean Ltd. on Tuesday told the Fifth Circuit it should reject BP PLC's arguments that Transocean's insurers are obligated to cover BP's costs from the Deepwater Horizon oil spill, saying no money would remain to cover its own liability....

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