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Author	Topic: Next in BP spill saga: civil trial worth billions	Post a Reply Back to Topics

mastermariner Champion Author Texas Posts:4,247 Points:493,010 Joined:Jun 2011	Message Posted: Jan 30, 2013 8:58:39 AM Ignore mastermariner Report Abuse After resolving $4B in criminal penalties, BP now faces billions of dollars in civil fines NEW ORLEANS (AP) -- Now that a $4 billion plea deal has resolved BP's criminal liability for the massive Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that could potentially cost it billions of dollars more in civil penalties. At the conclusion of a hearing Tuesday that included emotional testimony and a BP executive's apology, a federal judge agreed to let the London-based oil giant plead guilty to manslaughter charges for the April 2010 deaths of 11 workers on the Deepwater Horizon rig and pay the record amount of criminal penalties. What the plea deal approved by U.S. District Judge Sarah Vance doesn't resolve, though, is the federal government's Visit AP for full article

mastermariner

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Message Posted: Jan 30, 2013 8:58:39 AM

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After resolving $4B in criminal penalties, BP now faces billions of dollars in civil fines

NEW ORLEANS (AP) -- Now that a $4 billion plea deal has resolved BP's criminal liability for the massive Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that could potentially cost it billions of dollars more in civil penalties.
At the conclusion of a hearing Tuesday that included emotional testimony and a BP executive's apology, a federal judge agreed to let the London-based oil giant plead guilty to manslaughter charges for the April 2010 deaths of 11 workers on the Deepwater Horizon rig and pay the record amount of criminal penalties.
What the plea deal approved by U.S. District Judge Sarah Vance doesn't resolve, though, is the federal government's
Visit AP for full article

REPLIES (newest first)Ignore Short Messages

NHLiveFree Champion Author New Hampshire Posts:11,092 Points:1,622,370 Joined:Jun 2008	Message Posted: Jan 31, 2013 12:38:48 AM Ignore NHLiveFree Report Abuse Why aren't any BP executives doing time in a federal prison????????
Tommyguns45 Sophomore Author Illinois Posts:214 Points:132,045 Joined:Feb 2012	Message Posted: Jan 30, 2013 5:37:57 PM Ignore Tommyguns45 Report Abuse It seems they are trying to reclaim their money fast being the highest in Danville all the time at 3.55
humblepie Champion Author Toledo Posts:34,191 Points:2,371,370 Joined:Mar 2006	Message Posted: Jan 30, 2013 5:30:41 PM Ignore humblepie Report Abuse and the beat goes on
coughlin Champion Author San Jose Posts:5,180 Points:1,116,890 Joined:Sep 2009	Message Posted: Jan 30, 2013 9:58:39 AM Ignore coughlin Report Abuse We will be hearing about this for 20 years.
Joeski1 Champion Author New Jersey Posts:9,992 Points:1,741,610 Joined:Dec 2004	Message Posted: Jan 30, 2013 9:31:37 AM Ignore Joeski1 Report Abuse blub.. blub.. blub.... and all that oil they didn't clean up... will surface for the next 100 years
FlyNFool Champion Author South Carolina Posts:8,239 Points:1,684,975 Joined:Aug 2008	Message Posted: Jan 30, 2013 9:27:00 AM Ignore FlyNFool Report Abuse And only the lawyers will really profit from this.
mreiff Champion Author Louisville Posts:5,345 Points:1,302,715 Joined:May 2009	Message Posted: Jan 30, 2013 9:21:52 AM Ignore mreiff Report Abuse Unfortunately jrschl is right, we will just wind up paying for this.
jrschl Champion Author Louisville Posts:2,962 Points:680,090 Joined:Jun 2011	Message Posted: Jan 30, 2013 9:15:16 AM Ignore jrschl Report Abuse Doesn't matter to BP, because it all comes off the back of the consumer.
K9LO Champion Author North Dakota Posts:2,680 Points:543,005 Joined:Nov 2010	Message Posted: Jan 30, 2013 9:11:38 AM Ignore K9LO Report Abuse BP deserves what they are getting. Gasoline is up in Minot ND. The gas prices are almost the highest in ND. Distributors should be ashamed for price gouging the people of Minot, ND.
PTBpricer Champion Author Virginia Posts:1,497 Points:205,220 Joined:Jun 2012	Message Posted: Jan 30, 2013 9:07:45 AM Ignore PTBpricer Report Abuse The judge said the $4 billion criminal settlement is "just punishment" for BP, even though the company could have paid far more without going broke.
merlinCO Champion Author Colorado Posts:1,635 Points:340,420 Joined:Mar 2012	Message Posted: Jan 30, 2013 9:00:23 AM Ignore merlinCO Report Abuse They will just file bankruptcy, use the retirement funds and then make billions and waste the environment further.