BP oil spill settlement reached for $4.5 billion
11/16/2012 // West Palm Beach, Florida, US // JusticeNewsFlash // Justice News Flash // (press release)
New Orleans – A settlement has been reached between oil giant BP and the US government in connection with the 2010 Deepwater Horizon oil spill. As reported by the Associated Press (AP), the company stated Thursday that in addition to the settlement, it will plead guilty to multiple felony counts.
Carl-Henric Svanberg, BP’s Chairman, is quoted by the AP as stating of the case, “We believe this resolution is in the best interest of BP and its shareholders…It removes two significant legal risks and allows us to vigorously defend the company against the remaining civil claims.”
Included in the charges the company is expected to plead guilty to are misconduct or neglect of ships officers linked to the deaths of 11 workers in the explosion and obstruction of justice for lying to Congress.
Justice News Flash delivers the latest in New Orleans personal injury news.
Address: 215 South Olive Suite 300 W. Palm Beach FL 33401
Other News / Press Releases
- Appeals court hears arguments in Obama immigration fight
- Christy Mack discusses alleged brutal attack by MMA fighter
- Police seek utility records after family of 8 poisoned by carbon monoxide
- Drummer in iconic band dies in car crash in Georgia
- Houston Big Rig Accidents Linked to Tire Blowouts Caused by Speeding
- Judge rules Advanced Micro Devices must face lawsuit
- Vanilla Ice must perform community service as part of plea deal
- Judge approves woman’s request to serve divorce papers via social media
- Teen writes letter rejecting university’s admission rejection
- Airline releases new statement in Germanwings crash