Class Action Lawsuit: Bp Settlement

Monday, 3 December 2012

Bp Settlement

BP settlement sends billions to Gulf States. The Justice Department announced today that more than half of a record-breaking $4 billion criminal settlement with BP over the 2010 Gulf of Mexico oil spill will head directly to Gulf Coast states impacted by the spill.

According to the Justice Department, $2.4 billion is expected to head to Gulf Coast states. Half of that pot will go towards protecting and preserving coastal environments in Florida, Alabama, Mississippi and Texas. The other $1.2 billion will go towards coastal restoration efforts in Louisiana.

In addition, BP will plead guilty to 11 counts of felony manslaughter, obstruction of justice for lying to lawmakers about the amount of oil spilled in the Gulf of Mexico, and violations of the Clean Water and Migratory Bird Treaty Acts. Two BP employees will also face charges of manslaughter for the 11 deaths caused by Deepwater Horizon explosion.