Liability limits sought by Transocean, November deadline set for filing claims

Posted on July 26th, 2010 No Comments

Transocean, the owner of the Deepwater Horizon rig that exploded in April and caused the massive oil spill in the Gulf of Mexico has been able to convince Houston judges to put a halt on pending litigation, by citing a maritime law that may allow the company to limit liability claims made by aggrieved parties.

The company recently filed a request to limit its liability for claims against them to $26.7 million. The Limitation of Liability Act states that a vessel owner can limit the liability to how much the freight is worth.  A spokesperson for Transocean announced that the company filed the request due to advice from their insurance providers because they want to protect the interests of the company and people involved in it.

Many believe that the request will not be approved because Transocean would have to demonstrate that on-shore management had any idea of the cause of the explosion, and many believe that management was aware of the cause of the explosion.

Aggrieved parties who wish to file a claim against the company must move quickly, as the deadline for claims has been set and all claims must be filed in Texas by November 15, 2010.  Individuals who wish to file a claim against Transocean are advised to contact an experienced attorney to discuss their claim.

If you or a loved one has suffered economically from the oil spill, contact the Gulf oil spill independent claims lawyers of Williams Kherkher by calling 800-821-1544.

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