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BP P.L.C. (FRA:BP/) Deepwater Horizon MDL 2185 Securities Litigation

Directive transparence : information réglementée

03/06/2016 07:00
BP PLC  -  BP.   

Deepwater Horizon - MDL 2185 Securities Litigation

Released 07:00 03-Jun-2016

press release

 

 

 

 

This press release was issued in the US late on 2 June 2016.

 

Houston, 2 June 2016

 

Deepwater Horizon - MDL 2185 Securities Litigation

 

In May 2014, 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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