BP Tells 5th Circ. Contract Doesn't Bar Transocean Coverage

Law360, New York (August 14, 2012, 9:58 PM EDT) -- BP PLC asked the Fifth Circuit on Monday to reverse a ruling that Transocean Ltd.'s insurers aren't obligated cover its costs from the Deepwater Horizon oil spill, arguing that provisions in its drilling contract with Transocean should not limit coverage.

In a reply brief filed Monday, BP challenged the district court's ruling that its drilling contract with Transocean put it on the hook for pollution liabilities despite Transocean's policies providing for additional insureds, stressing that the Fifth Circuit and the Texas Supreme Court have ruled that...
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