A new development today in the Deepwater Horizon disaster. Transocean, LTD (RIG) is claiming that 159 year old law will greatly reduce its liability.
I don't have much confidence in their ability to evade lawsuits. All it takes is one safety regulation not being followed for them to face full liability, which is like to be substantial. Consider that the rig that blew up was owned and operated not by BP, but by Transocean.
No comments:
Post a Comment