5th Circ. Says Transocean's $160M Win Needs Recalculating

Law360 (March 28, 2019, 9:34 PM EDT) -- The Fifth Circuit vacated a $160 million ruling against Eni US Operating Co. Inc. on Thursday in its dispute over a drilling contract with Transocean Offshore Deepwater Drilling Inc., finding the trial court used incorrect reasoning in reaching that figure.

The trial court had awarded the sum after delivering Eni what the Fifth Circuit said was a "resounding loss on all issues" in the suit that alleged Transocean's substandard maintenance of equipment on the Deepwater Pathfinder, which was used to drill in the Gulf of Mexico, led to the breach.

In appealing the ruling to the circuit court in July, Eni...

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