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Last week Transocean filed a motion in federal court to limit its liability to $27 million in the Deepwater Horizon disaster. Now, there are reports that the owner of the platform that exploded and killed 11 workers held a closed door meeting with shareholders to tell them about an upcoming $1 billion dividend payout. The meeting was held at company headquarters in Switzerland. It used to be based in Houston but relocated two years ago to avoid higher taxes.The first of the four quarterly payouts will be in July. Meanwhile, up to 80,000 barrels of oil per day continue to pour into the Gulf of Mexico.
Read More About Transocean paying out $1 billion to investors...
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Brian Beckcom handles Jones Act, maritime injury, and other offshore injury cases. If you want to find out more about our law firm and the types of cases we handle, please visit our Maritime Injury Law practice area page on our main website.
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