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Posts Tagged ‘Gulf Oil Spill Gulf Oil Spill Settlement’

Largest Criminal Fines Against Companies in the US

Posted by Ram Kumar Shrestha on November 16, 2012

AP Associated Press

BP said Thursday it has agreed to pay $4.5 billion in a settlement with the federal government over the April 2010 explosion of the drilling rig Deepwater Horizon. The agreement includes nearly $1.3 billion in criminal fines, with the rest of the money going to several government-related entities. The criminal fine is the largest in U.S. history and eclipses a 2009 fine against drug-maker Pfizer Inc.

Here’s a look at the largest criminal fines assessed against companies in the U.S., according to the Justice Department:

1. $1.256 billion in criminal fines, November 2012, against BP PLC for various charges related to the 2010 explosion of the Deepwater Horizon and the resulting oil spill. An estimated 172 million gallons of crude spilled into the Gulf, fouling marshes and beaches, killing wildlife and closing vast areas to fishing. Eleven workers died in the blast. The spill was the nation’s worst offshore oil disaster. Read the rest of this entry »

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