BP (BP) Sued by Halliburton (HAL) for Defamation

BP (NYSE:BP) has been sued by Halliburton (NYSE:HAL) in a Texas state court, in relationship to the Gulf oil spill in 2010.

According to the complaint from Halliburton, they sued BP for "negligent misrepresentation, business disparagement and defamation" concerning the Macondo oil spill.

"Halliburton remains confident that all the work it performed with respect to the Macondo well was completed in accordance with BP's specifications for its well construction plan and instructions, and that Halliburton is fully indemnified under the contract," said the company.

BP has been attempting to recoup costs associated with the spill by showing they weren't the only company at fault. To that end the sued not only Halliburton, but Cameron International (NYSE:CAM) and Transocean (NYSE:RIG) as well.

Halliburton said it has also amended claims against BP in the multi-district litigation in New Orleans, Louisiana.

BP was trading at $36.29, down $1.50, or 3.97 percent, as of 10:45 AM EDT. Halliburton was at $41.61, falling $1.41, or 3.28 percent.