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US Judge Okays BP Plc's Plea, $4 Bln Penalty In Gulf Oil Spill-Reuters


Tuesday, 29 Jan 2013 03:55pm EST 

Reuters reported that A U.S. judge accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history. The Company said it pleaded guilty to 11 felony counts related to workers' deaths, a felony related to obstruction of Congress and two misdemeanors. It faces five years' probation and the imposition of two monitors who will oversee its safety and ethics for the next four years. 

Company Quote

426.2
-11.7 -2.67%
27 Nov 2014