Deepwater Horizon - MDL 2185 Securities Litigation

RNS Number : 1061A

BP PLC

03 June 2016

 

press release

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

Houston, 2 June 2016

Deepwater Horizon - MDL 2185 Securities Litigation

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.

-- ENDS --

 

END

 

 

MSCDXGDLXBGBGLD