Several law firms had sued BP on behalf of thousands of consumers who bought the company's incorrectly formulated gas in August 2012 at more than 575 retail outlets in Indiana, Illinois, Wisconsin, and Ohio. That gas processed at BP's Whiting refinery resulted in some vehicles experiencing hard starting, stalling and mechanical-component damage.
BP said Monday it has agreed to "compensate consumers with legitimate claims" up to a total of $5 million under the settlement, which a federal judge must approve.
The company also says it won't oppose a request for attorney fees of up to $2 million.
