BP's Deepwater Horizon oil spill of April 2010 woes continue

BP's Deepwater Horizon oil spill of April 2010 woes continue

U.S. Department of Justice has accused British oil giant BP of gross negligence, incompetence and a ‘culture of corporate recklessness’ in the 2010 Gulf of Mexico oil spill – in a legal filing which could result in a massive $25 billion fine. The U.S. Department of Justice is reportedly confident that it has a case against BP
The threat of larger than anticipated compensation payments caused BP’s shares to drop four percent on Wednesday, wiping more than three percent or $4.77 from its market value
>Oil and Gas Press

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