Court Order Dismisses Dril-Quip, Inc. From Claims in Deepwater Horizon Litigation

abarrelfull wrote on 25 Jan 2012 13:10
Tags: dril-quip gulf-of-mexico services usa

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Dril-Quip, Inc. (NYSE: DRQ) today announced that Judge Carl J. Barbier, the federal court judge in the Eastern District of Louisiana presiding over the multi-district proceeding In Re: Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico, on April 20, 2010, issued an order on January 20, 2012 granting Dril-Quip's Motion for Summary Judgment and dismissing all claims asserted against Dril-Quip. In issuing the order, the court stated that it found no evidence showing that any equipment manufactured by Dril-Quip, Inc. played any role in causing or contributing to the blowout.

Dril-Quip is a leading manufacturer of highly engineered offshore drilling and production equipment, which is well suited for use in deepwater, harsh environment and severe service applications.

• Court Order Dismisses Dril-Quip, Inc. From Claims in Deepwater Horizon Litigation

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