Transocean Appears in Court After $1.4 Billion Spill Pact
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Transocean Ltd. appeared in federal court in New Orleans after reaching a $1.4 billion settlement with the U.S. over the 2010 Gulf of Mexico oil spill.
Transocean didn’t enter a plea today in its first court appearance following announcement of the settlement. It will enter a guilty plea at a later hearing Feb. 14. U.S. prosecutor Derek Cohen read the charge against the Vernier, Switzerland-based company at the hearing.