Deepwater Horizon - MDL 2185 securities litigation
Friday, Jun 03, 2016
The federal district court certified a class of post-explosion ADS purchasers in the MDL 2185 securities litigation. BP and representatives of the post-explosion class have agreed to settle these class claims for the amount of $175 million, payable during 2016-2017, subject to approval by the court. This settlement does not resolve other securities-related litigation in connection with the Gulf of Mexico oil spill.
For more information, please visit: http://www.bp.com/