Transocean Spill Settlement Shows Feds’ Focus On BP

Law360, New York (January 4, 2013, 9:03 PM EST) -- Transocean Ltd.’s settlement to resolve federal claims from the Deepwater Horizon oil spill included a carefully worded, limited admission of guilt, signaling the U.S. Department of Justice wants to put most of the blame on rig operator BP PLC and exact tougher environmental penalties from the oil giant.

The owner of the destroyed Deepwater Horizon agreed Thursday to plead guilty to violating the Clean Water Act and to pay $1 billion in civil and $400 million in criminal penalties, putting to rest most of the government’s...
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