'BP to pay record penalty in US spill'

BP oil spill

BP will pay a record criminal penalty to resolve some of its liability for the 2010 Deepwater Horizon disaster in a deal to be announced by the U.S. Justice Department as soon as Thursday, a source said.

The source familiar with discussions did not disclose the actual amount of BP's payment but said it would be the largest criminal penalty in U.S. history.

That record is currently held by Pfizer Inc, which paid a $1.3 billion criminal fine in 2009 for marketing fraud connected to its Bextra pain medicine.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.