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Smart_Money

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Smart_Money

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Sunday, 05/30/2010 2:54:14 PM

Sunday, May 30, 2010 2:54:14 PM

Post# of 704019
In a Move That Could Limit Financial Liability, Owner of Destroyed Oil Rig Set to Pay Out $1 Billion to Stockholders

Washington, D.C. – In reaction to news that Transocean Ltd., the owner of the destroyed oil rig in the Gulf of Mexico, intends to distribute $1 billion to private shareholders, Senator Tom Harkin (D-IA) signed a letter with 17 of his Senate colleagues to U.S. Attorney General Eric Holder requesting that the Department of Justice investigate the corporation’s pending transactions. The announcement by Transocean came after a closed-door meeting of company executives and weeks after the Transocean-owned Deepwater Horizon oil rig was destroyed.

http://harkin.senate.gov/press/release.cfm?i=325238
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