BRIEF-BP, representatives of post-explosion class settle claims in MDL 2185 securities litigation

jueves 2 de junio de 2016 19:28 GYT

June 2 (Reuters) - Bp Plc :

* In may 2014, federal district court certified a class of post-explosion ADS purchasers in MDL 2185 securities litigation

* Settlement does not resolve other securities-related litigation in connection with gulf of mexico oil spill

* BP and representatives of post-explosion class have agreed to settle these class claims for amount of $175 million payable during 2016-2017 Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)