BP pleads guilty--will pay largest criminal fine in history

[jayem]

"BP has agreed to plead guilty to 14 criminal counts, including manslaughter, and will pay $4 billion over five years in a settlement with the Justice Department over the 2010 oil spill in the Gulf of Mexico, the company and Justice Department announced Thursday...

Holder also announced a separate 23-count criminal indictment — including charges of seaman’s and involuntary manslaughter — against the two top-ranking BP supervisors on the Deepwater Horizon drilling rig where a blowout occurred April 20, 2010, sinking the rig and killing 11 workers."

This only settles the criminal charges. The company still faces claims of billions in damages in civil suits brought by the states of Louisiana, Alabama, and Florida. Along with multiple federal agencies, and 1000s of businesses and individual plaintiffs. We might see the mother of all class-action suits.

BP settles criminal charges for $4 billion in spill; supervisors indicted on manslaughter - The Washington Post

 

[DaisyDay]

"BP has agreed to plead guilty to 14 criminal counts, including manslaughter, and will pay $4 billion over five years in a settlement with the Justice Department over the 2010 oil spill in the Gulf of Mexico, the company and Justice Department announced Thursday...

Holder also announced a separate 23-count criminal indictment — including charges of seaman’s and involuntary manslaughter — against the two top-ranking BP supervisors on the Deepwater Horizon drilling rig where a blowout occurred April 20, 2010, sinking the rig and killing 11 workers."

This only settles the criminal charges. The company still faces claims of billions in damages in civil suits brought by the states of Louisiana, Alabama, and Florida. Along with multiple federal agencies, and 1000s of businesses and individual plaintiffs. We might see the mother of all class-action suits.

BP settles criminal charges for $4 billion in spill; supervisors indicted on manslaughter - The Washington Post

I wonder how they'll get out of it.

 

[grasping the after wind]

I wonder how they'll get out of it.

I hope they aren't judged "too big to fail" and bailed out by the government. By that I am referring to any government foreign or domestic.