BP Said to Agree to Largest U.S. Criminal Settlement in History
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BP Plc, the owner of the Macondo well that in 2010 caused the worst U.S. oil spill, has agreed to the largest U.S. criminal settlement in history, according to a person familiar with the deal.
The company will plead guilty to obstruction of justice for lying to Congress. Two of the company’s employees face manslaughter charges over deaths in the explosion of the oil well, said the person, who requested anonymity to discuss the deal which has not been made public. The amount wasn’t disclosed.