Judge Approves Transocean Guilty Plea

A federal judge has approved Transocean Deepwater Ltd’s criminal plea as part of a $1.4 billion settlement with the Justice Department over liability for the 2010 Deepwater Horizon oil spill, the National Law Journal reports. The company pleaded guilty on Jan. 3 to one misdemeanor count of violating the U.S. Clean Water Act by contributing to the discharge of oil into the Gulf of Mexico, and agreed to pay $400 million in criminal penalties.