The federal judge presiding over a case against BP has given final approval to a settlement that will distribute approximately $7.8 billion to tens of thousands of individuals and businesses affected by the 2010 oil spill in the Gulf of Mexico. The settlement will resolve medical and economic claims from the worst offshore oil spill in the history of the United States. There is no cap on the settlement and the final amount may be higher or lower.<\/p>\n
U.S. District Judge Carl Barbier made the settlement final in a 125-page ruling, stating that none of the objections raised had shown that the settlement was unreasonable or inadequate.<\/p>\n
After Barbier’s preliminary approval, thousands of people chose to opt out of the settlement and pursue their cases on an individual basis, but by the December 15 deadline, more than 1,700 plaintiffs had opted back in.<\/p>\n
BP said the settlement was in the best interest (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The federal judge presiding over a case against BP has given final approval to a settlement that will distribute approximately $7.8 billion to tens of thousands of individuals and businesses affected by the 2010 oil spill in the Gulf of…<\/span><\/p>\n