The company that caused to most damaging oil disaster in history said it shouldn’t have to bear the risk of improperly filed claims.
BP estimates it will pay roughly $7.8-billion to resolve more than 100,000 claims through settlement
Agreed to pay $400-million in criminal penalties, plead guilty to violating Clean Water Act
Majority of settlement will fund environmental restoration projects, spill-prevention research and training
BP will also plead guilty to lying to Congress about how much oil was spewing from the well.
Employees face manslaughter charges over death of 11 people in explosion of Deepwater Horizon oil rig