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13 Jan 2011

Laurel Brubaker Calkins, Margaret Cronin Fisk, Bloomberg

Transocean Settles First Deepwater Horizon Death Case

Transocean Ltd. settled a lawsuit filed on behalf of one of 11 crew members killed when the company’s Deepwater Horizon drilling rig exploded April 20 in the Gulf of Mexico. The terms weren’t disclosed...“The Kleppingers have settled all of their claims arising out of the death of Karl Kleppinger Jr. against any current or possible defendants,” Steve Gordon, the family’s lawyer, said today in an interview. “The Kleppingers’ claim against BP has concluded.”...“The terms are confidential,” Ellen Barry, a Transocean spokeswoman, said in a phone interview...