Saying their behavior was "reckless" relating to the BP (NYSE:BP) oil spill, the St. Joe Company (NYSE:JOE) has filed a lawsuit against M-I SWACO.
M-1 SWACO's connection to the Deepwater Horizon oil rig was it was the drilling fluid contrator for it.
Lead counsel for St. Joe, William A. Brewer III, a partner at Bickel & Brewer, said, “We believe that M-I SWACO’s reckless behavior in connection with its management of the drilling fluid program at the Deepwater Horizon played a significant role in this epic disaster.”
According to the complaint, “M-I SWACO is liable for the grossly negligent and reckless way in which it managed and conducted the use of drilling fluids to maintain well control, and its intentional disregard for its obligation to take appropriate action in the face of multiple violations of law on the Deepwater Horizon.”
The lawsuit was filed Thursday in the Superior Court in the State of Delaware.
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