BP PLC BP. Re: proposed resolution of US claims

  BP PLC (BP.) - Re: proposed resolution of US claims

RNS Number : 1911R
BP PLC
15 November 2012




press release



                                      





15 November 2012

                                      

Statement about proposed resolutions of US federal government criminal and SEC
                    claims against BP in connection with

                        the Deepwater Horizon incident



BP confirms  that  it  is  in advanced  discussions  with  the  United  States 
Department of Justice  (DoJ) and  the Securities &  Exchange Commission  (SEC) 
regarding proposed resolutions of all  US federal government criminal and  SEC 
claims against BP in connection with the Deepwater Horizon incident. No  final 
agreements have yet  been reached  and any  resolutions, if  agreed, would  be 
subject to federal court approvals in the United States.



The proposed  resolutions are  not  expected to  cover federal  civil  claims, 
including Clean Water Act claims,  federal and state Natural Resource  Damages 
claims; private civil  claims in MDL  2179 that  were not covered  by the  PSC 
settlement, private securities claims  pending in MDL  2185 or state  economic 
loss claims.



A further announcement will be made if and when final agreements are  reached. 
Until final  agreements  are reached,  there  can  be no  certainty  any  such 
resolutions will be entered into.







Further enquiries:



BP Press Office, London: +44 (0)20 7496 4076, bppress@bp.com





                                      

                     This information is provided by RNS
           The company news service from the London Stock Exchange

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MSCBKPDKOBDKBDD -0- Nov/15/2012 07:03 GMT
 
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