Transocean Can't Cap Spill Liability At $27M: US

Law360, New York (June 2, 2010, 5:48 PM EDT) -- The federal government has urged a judge to reject Transocean Ltd.'s efforts to limit its liability for the Deepwater Horizon explosion and oil spill to about $27 million, arguing that the 19th-century law the company is trying to use to shield itself is preempted by more recent environmental legislation.

In a motion filed Tuesday, the government asked Judge Keith P. Ellison of the U.S. District Court for the Southern District of Texas to lift or modify an earlier injunction requiring claims against several Transocean units to...
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