Luke Keller News

Deepwater Horizon: All Criminal Claims Resolved

BP announces US District Court’s acceptance of its plea relating to the Deepwater Horizon accident. BP announce that the US District Court for the Eastern District of Louisiana has accepted the company’s plea resolving all federal criminal charges against the company stemming from the Deepwater Horizon accident, oil spill, and response. The company offered its plea to the Court and was sentenced in connection with the agreement BP reached with the Department of Justice (DOJ) on November 15, 2012. As previously announced, BP will pay $4 billion over a period of five years and will serve a term of five years’ probation. Pursuant to the terms of the plea agreement…