Salvage Co. Says Diamond Killed $258M Rig Leasing Venture

Law360, Houston (December 12, 2012, 7:43 PM EST) -- Industrial salvage company PRC Environmental Inc. on Wednesday hit Diamond Offshore Drilling Inc. with a suit in Texas federal court, alleging the drilling services contractor made false claims about an offshore oil rig, killing leasing deals worth $258 million.

PRC claims that after it entered into a joint venture to refurbish and market for lease an offshore drilling rig once owned by Diamond, the drilling contractor publicly made claims that the rig could only legally be sold for scrap and could not be put back into...
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Case Information

Case Title

PRC Environmental, Inc. v. Diamond Offshore Drilling, Inc.


Case Number

3:12-cv-00360

Court

Texas Southern

Nature of Suit

190(Contract: Other)

Judge

Judge Gregg Costa

Date Filed

December 12, 2012


Case Title

PRC Environmental, Inc. v. The Resolve et al


Case Number

3:12-cv-00359

Court

Texas Southern

Nature of Suit

340(Marine)

Date Filed

December 12, 2012

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