BP sues Argentina's Bridas Corp. over last year's collapsed $7B asset sale, saying it is willing...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP sues Argentina's Bridas Corp. over last year's collapsed $7B asset sale, saying it is willing to pay a $700M breakup fee so long as it will not face fraud claims arising from its conduct. BP says it had wired the money after the transaction fell apart, only to have Bridas return it, claiming that the sale agreement was void from the start.