In partnership with
All data is delayed
Loading...
See More

BP to pay record fine for spill - source

Nov 15 2012 09:30
Reuters
Wshington - BP will pay a record criminal penalty to resolve some of its liability for the 2010 Deepwater Horizon disaster in a deal to be announced by the US Justice Department as soon as Thursday, a source told Reuters.

The source familiar with discussions did not disclose the actual amount of BP's payment but said it would be the largest criminal penalty in US history. That record is currently held by Pfizer, which paid a $1.3bn criminal fine in 2009 for marketing fraud connected to its Bextra pain medicine.
 
bp

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...