BP has settled its two-year legal fight with Bulk Petroleum over alleged commingling by the Midwest marketer, currently in Chapter 11 bankruptcy.rnUnder a court-approved agreement, Bulk will transfer six Louisville, Ky., stations to BP for $3.12 million. Three of the stores are vacant and a dealer occupying the other three is to be evicted, according to court records. Bulk will also assign the ground leases on two more sites to the refiner, which will pay $50,000 toward the tax liens on the sites.rnBP, meanwhile, will assign to Bulk its security interest in four sites that Bulk had mortgaged, worth an .estimated $2.18 million. It will also withdraw a claim for $29.80 million it made against Bulk.
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