U.S. opens trial against BP by asking for maximum penalties, FT says


The U.S. government has alleged at the start of the trial with BP (BP) over the Deepwater Horizon spill that the company acted with “willful misconduct,” which is a higher standard of guilt than "gross negligence," according to Financial Times. If the judge sides with the U.S. it would expose BP to penalties under the Clean Water Act of up to $17.6B and increase the likelihood of a penalty closer to that maximum, the report said.

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