Investing

BP May Settle With Justice Department

A Morgan Stanley analysts writes that BP is close to a settlement of US civil and criminal claims over the Deepwater Horizon incident. The sum would be $20 billion to $25 billion. There is no independent confirmation of the speculation

Reuters reports that

 BP sources have told Reuters that talks are ongoing with the Department of Justice about a possible settlement and that the London-based company’s board has shifted to weekly meetings to discuss progress.

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