BP Oil Spill (Deepwater Horizon) Litigation

BP faced a multitude of lawsuits from individuals, businesses, and governments seeking compensation for economic losses, environmental restoration, and health impacts resulting from the 2010 Deepwater Horizon oil spill. The legal proceedings included a class-action settlement for economic and property damages, as well as significant fines and penalties under the Clean Water Act. BP agreed to a record $20.8 billion settlement with the U.S. government, the largest environmental settlement in U.S. history. This litigation has led to increased regulations and safety measures in offshore drilling.