Holder announces record $4.5 billion settlement with BP over Gulf oil spill

[JURIST] US Attorney General Eric Holder [official website] announced [press release] Thursday that British Petroleum (BP) [corporate website] has agreed to pay a record $4.5 billion in penalties and to plead guilty [plea agreement, PDF] to felony misconduct for its role in the devastation caused by the 2010 Deepwater Horizon oil spill [BBC backgrounder; JURIST news archive]. Holder emphasized [statement] that the settlement includes a roughly $1.25 billion criminal fine, and also announced that two BP supervisors aboard the Deepwater...

Source: http://jurist.org/paperchase/2012/11/holder-announces-record-45-billion-settlement-with-bp-over-gulf-oil-spill.php

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