Feds Move to Block Transocean's Bid To Cap Damages For Gulf Oil Spill

Hours after Attorney General Eric Holder disclosed ongoing criminal and civil probes related to the Gulf oil spill, the Justice Department has filed motions to block Transocean from seeking to limit their liability in the unfolding disaster. The documents were filed late Tuesday night in federal court in Houston, Texas. The motion filed by the Justice Department follows Transocean's May 13 motion to seek limited liability of just $26.7 million. The Justice Department initially signaled to...Full Story
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