(Reuters) - BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states and drilling partners. U.S. District Judge Carl Barbier, in an order made three days before the case had been due to go to trial, said the proposed terms of the class settlement would be submitted to court for approval.
BP Plc won preliminary court approval of an estimated $7.8 billion settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. The accord comprises two agreements, in... Read Post
NEW ORLEANS -- BP and a committee representing plaintiffs suing over the 2010 Gulf oil spill have reached an estimated $7.8 billion agreement to settle the lawsuit, company officials said late Friday. Federal Judge Carl Barbier, who... Read Post