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Transocean: Limit Our Liability to $27 Million

added by North Dakota Lawyer in Maritime & Admiralty Law Lawyer @ May 13, 2010 15:08

Transocean: Limit Our Liability to $27 Million. Lawyers at Transocean Ltd., the Swiss company that owns the Deepwater Horizon drilling rig that burned and sank last month in the Gulf of Mexico, have stumbled over an obscure maritime law, and are using it to claim Transocean's liability should be capped at $27 million.

Source: Transocean: Limit Our Liability to $27 Million

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