1. Home
  2. News and insights
  3. Press releases
  4. Deepwater Horizon - MDL 2185 Securities Litigation

Deepwater Horizon - MDL 2185 Securities Litigation

Release date: 3 June 2016

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

 

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.

Further information:

Contacts

 

BP US Press Office, (281) 366-4463, uspress@bp.com