A federal judge approves Transocean's (RIG +0.1%) agreement with the Justice Department to pay...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

A federal judge approves Transocean's (RIG +0.1%) agreement with the Justice Department to pay $1B in civil penalties for its role in the 2010 Gulf of Mexico oil spill. Last week, a different judge approved RIG's $400M criminal settlement with the government. RIG must still settle with plaintiffs representing more than 100K individuals and business owners claiming economic and medical damages.