Web Sify
Follow us on
Mail
Print

Jan. date to rule on BP $4.5B plea deal over spill

Source : AP
Last Updated: Tue, Dec 11, 2012 23:30 hrs

A federal judge says she will decide next month whether to accept a plea deal that calls for BP PLC to pay a record $4.5 billion in penalties for a deadly 2010 rig explosion and the massive oil spill it triggered in the Gulf of Mexico.

To resolve a Justice Department probe, the London-based oil giant agreed last month to plead guilty to criminal charges involving the deaths of 11 workers and to lying to Congress about how much oil spilled from its blown-out well.

U.S. District Judge Sarah Vance scheduled a Jan. 29 hearing where she will either accept or reject BP's plea agreement with the government.

BP can withdraw its plea if she rejects the deal.




More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance