Cameron (CAM) Dismissed from Years-Long BP (BP) Gulf Oil Spill Case
Tweet
Share
E-mail
Get Alerts CAM Hot Sheet
Join SI Premium – FREE
Cameron International (NYSE: CAM) will be eviscerated from the BP plc (NYSE: BP) Gulf of Mexico oil spill case.
The AP reports today that U.S. District Judge Carl Barbier dismiss remaining claims against the oil & gas equipment giant. Cameron provided a blowout preventor for the Deepwater Horizon, a key safety device for deepwater exploration of oil and gas. The Deepwater Horizon exploded in early 2010, tragically killing 11 workers in the process.
Barbier said he didn't have any evidence to support claims of negligence on Cameron's part.
Remaining defendants in the case include BP, Transocean (NYSE: RIG), and Halliburton (NYSE: HAL).
Shares of Cameron pared an earlier pop, now down 4 percent Wednesday.
The AP reports today that U.S. District Judge Carl Barbier dismiss remaining claims against the oil & gas equipment giant. Cameron provided a blowout preventor for the Deepwater Horizon, a key safety device for deepwater exploration of oil and gas. The Deepwater Horizon exploded in early 2010, tragically killing 11 workers in the process.
Barbier said he didn't have any evidence to support claims of negligence on Cameron's part.
Remaining defendants in the case include BP, Transocean (NYSE: RIG), and Halliburton (NYSE: HAL).
Shares of Cameron pared an earlier pop, now down 4 percent Wednesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Curvature Securities terminates ATM sales pact with Planet Green
- Kimbell Royalty closes $221.2M mineral rights acquisition
Create E-mail Alert Related Categories
Corporate News, Insiders' Blog, LitigationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
