MOEX Hammers Out $90M Deal Over Deepwater Spill

Law360, New York (February 17, 2012, 4:40 PM EST) -- A MOEX USA Corp. unit that owned a stake in the offshore well involved in the Deepwater Horizon oil spill has reached a $90 million settlement with the U.S. government and five Gulf states, agreeing to pay the largest civil penalty ever collected under the Clean Water Act, officials announced Friday.

Oil exploration company MOEX USA and MOEX Offshore 2007 LLC agreed to pay $45 million in civil penalties to the federal government and $25 million to the states in the first of what could be...
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