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FBN's Adam Shapiro breaks down details of the settlement between BP and the government over Deepwater Horizon rig.
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-- -- Breaking news to bring on BP and -- plea agreement with the Justice Department to settle.
Criminal charges Adam Shapiro has all the details that are breaking right now -- And it's a huge fine four billion dollars they will pay that an installment over five years however all criminal issues between the US government and BP will now be settled.
He does not remove the issue of civil penalties which.
By their most extreme calculations could still be 21 billion I'm gonna -- statement from BP.
Where there and see their chairman of the board said we believe this resolution is the best interest of BP and its shareholders.
It removes -- significant legal risks and allows us to vigorously defend the company against the remaining civil claims keep in mind.
That BP is already booked 38 point one billion dollars in charges and because of the disaster in 2010 they were allowed three point 85 billion.
To that as part of this settlement they still face this civil.
Possible fine from the environmental -- portion of the US government.
Over this -- -- 4300 dollars per barrel its 206 million gallons that was spelled.
In English possibly 21 billion bucks but now they can defend themselves against that also to BP employees could face manslaughter charges back to you.
Adam thank you and that does surpassed the record that we previously unsolved.
-- three times -- one point three million dollar fine paid by Pfizer.
Back in 2009 for our marketing fraud related to a painkiller so more than three times the previous record in terms of criminal -- -- we'll.
