The Full Feed from HuffingtonPost.com: Transocean Plea Deal In Lawsuit Over 2010 Gulf Oil Spill To Be Ruled On By Judge

The Full Feed from HuffingtonPost.com The Full Feed from HuffingtonPost.com

Transocean Plea Deal In Lawsuit Over 2010 Gulf Oil Spill To Be Ruled On By Judge Feb 14th 2013, 13:00 NEW ORLEANS (AP) — A federal judge was expected to decide Thursday whether to approve Transocean Ltd.'s agreement with the Justice Department to plead guilty to a misdemeanor charge and pay $400 million in criminal penalties for its role in the massive 2010 oil spill in the Gulf of Mexico. U.S. District Judge Jane Triche Milazzo has said she either will accept Transocean's guilty plea and impose the agreed-upon sentence or reject it and allow the Swiss-based drilling company to withdraw from the deal. She can't order changes to terms of the settlement. Transocean agreed last month to plead guilty to a misdemeanor charge of violating the Clean Water Act. In addition to the $400 million in criminal penalties, the company also agreed to pay $1 billion in civil penalties. A different judge will decide whether to accept that part of the settlement. Read More... More on Gulf Oil Spill

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