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By Marlene Y. Satter, AdvisorOne |
November 16, 2012
As part of the $4.5 billion settlement with the U.S., BP admitted to misleading investors about the rate of the oil flow in the Deepwater Horizon disaster in the Gulf of Mexico in 2010.
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By Marlene Y. Satter, AdvisorOne |
November 15, 2012
British oil company BP agreed Thursday to pay $4.5 billion to the U.S. in fines and other charges, including $525 million to the SEC–the third largest penalty ever assessed by the SEC–over the oil spill in the Gulf of Mexico.