NOV Unit Hydralift Seeks Exit From $10M BP Rig Suit

Law360, New York (October 6, 2010, 4:32 PM EDT) -- National Oilwell Varco Inc. subsidiary Hydralift Amclyde Inc. has asked a judge to let it out of a $10 million suit brought by a BP PLC subsidiary over damage to an offshore oil platform in the Gulf of Mexico during Hurricane Ike, saying settlement discussions are under way between the oil giant and the subcontractor.

Hydralift and BP lodged a joint proposed order of dismissal for the defendant Tuesday in the U.S. District Court for the Southern District of Texas, on the heels of a letter...
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