Skip to main content

View Diary: Gulf Watchers: Breaking - BP Expected to Plead Guilty to Criminal Misconduct (31 comments)

Comment Preferences

  •  Possibly. It's important to remember the 11 deaths (16+ / 0-)

    caused by BP's criminal negligence.

    According to an article just posted at Financial Times this is far from the end of litigation

    ...the company would still face actions for civil penalties and damages from federal, state and local authorities, two people familiar with the negotiations said. That case is scheduled to go to trial on February 25 next year.

    BP had hoped to resolve all civil and criminal actions in a single global settlement but the talks have been complicated by disagreements among the various governments over how a settlement should be shared out.

    For example
    Other companies involved in the disaster, including Transocean, the owner and operator of the Deepwater Horizon rig, and Halliburton, the contractor that supplied cement intended to secure the well, are likely to come under pressure to reach settlements after BP’s deal.

    Halliburton has said it carried out its work properly and was not responsible for the accident.

    Transocean has said it has been in talks with the DoJ over a possible $1.5bn settlement of the authorities’ claims against it, which would be paid for out of a $2bn provision the company set aside for the costs of the spill.

    Eliminate tax breaks that stimulate the offshoring of jobs.

    by RJDixon74135 on Wed Nov 14, 2012 at 09:57:46 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site