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BP agrees to $175m settlement with shareholders over 2010 Gulf of Mexico spill

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BP has agreed to pay out $175m (£121.3m, €156.9m) to shareholders who started a class-action lawsuit against the London-listed company in 2010, when they accused the oil giant of misleading them by concealing the extent of the oil spill in the Gulf of Mexico.


On 20 April 2010, an explosion on the Deepwater Horizon oil rig in the Gulf of Mexico killed 11 people and kick-started the worst oil disaster in US history, with millions of barrels of oil discharged on to the shorelines of nearby states for about three months.


http://www.ibtimes.co.uk/bp-agrees-175m-settlement-shareholders-over-2010-gulf-mexico-spill-1563462?awt_l=73knf&awt_m=ghxh35ZjsWbOvKU&utm_source=email&utm_medium=email&utm_campaign=rss


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