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.

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