A settlement deal has received final approval by the federal judge presiding in a lawsuit against BP by tens of thousands of individuals and businesses affected by the Gulf of Mexico oil spill in 2010.<\/p>\n
It is estimated that BP PLC will pay $7.8 billion to resolve medical and economic claims from the worst offshore oil spill in the history of the United States.\u00a0 The settlement is not capped and the final figure could be lower or higher.<\/p>\n
The settlement was made final in a 125-page ruling by U.S. District Judge Carl Barbier.\u00a0 The judge stated in his ruling that none of the objections raised had shown the settlement to be inadequate, unfair or unreasonable.<\/p>\n
Thousands of people chose to opt out of the settlement after Barbier gave it preliminary approval, in order to pursue the cases on an individual basis.\u00a0 By the December 15 deadline to change their minds, more than 1,700 people (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A settlement deal has received final approval by the federal judge presiding in a lawsuit against BP by tens of thousands of individuals and businesses affected by the Gulf of Mexico oil spill in 2010. It is estimated that BP…<\/span><\/p>\n