DOJ: Judge Accepts Transocean's Guilty Plea; Company To Pay $400M

DOJ: Judge Accepts Transocean's Guilty Plea; Company To Pay $400M

WASHINGTON, D.C. - The U.S. Department of Justice announced that on Feb. 14 a federal judge in Louisiana accepted Transocean Ltd.'s guilty plea for violating the Clean Water Act (CWA) over its conduct leading to the 2010 explosion of the Deepwater Horizon oil rig and that the company will pay $400 million in criminal fines and penalties (In re: Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico on April 20, 2012, MDL 2179, E.D. La.).

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