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Litigation

Transocean Tries To Limit Liability For Sunken Oil Rig

NEW YORK — (AP) The company that owns the sunken Deepwater Horizon rig said Thursday it will petition a federal court in Houston to cap its overall liability from the incident at less than $27 million. Transocean Ltd. expects to receive $560 million in insurance money from the loss of the Deepwater Horizon. Full version available to lexis.com subscribers.