U.S. VS BP: $20 BLN
Federal lawyers on Tuesday formally asked a judge in New Orleans to approve a record-breaking $20 billion-plus settlement agreement announced last July by the Department of Justice and five Gulf Coast states to resolve years of legal fighting about the 2010 Gulf oil spill.
The settlement included $5.5 billion in civil Clean Water Act penalties and billions more to cover environmental damage and other claims by the states and local governments.
U.S. District Judge Carl Barbier had found BP "grossly negligent" in the offshore rig explosion that killed 11 workers and caused the 134 million gallon spill.
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.