Judge Signs Off On BP's $50M Guilty Plea

Law360, New York (March 12, 2009, 12:00 AM EDT) -- Marking the largest U.S. environmental criminal fine in history, a federal judge has reportedly given the green light to a $50 million plea deal by BP PLC to lay to rest charges related to a deadly explosion in 2005 at the oil magnate's Texas City, Texas, plant that killed 15 workers and injured 180 more.

Judge Lee Rosenthal of the U.S. District Court for the Southern District of Texas signed off on the deal at a sentencing hearing Thursday, ending nearly four years of legal wrangling...
To view the full article, register now.