BP settles Gulf of Mexico oil spill lawsuit

Posted by Washington Post: Juliet Eilperin on March 3rd, 2012
Guardian: BP will pay out $7.8bn (£5bn) to settle a lawsuit with thousands of individuals from the Gulf of Mexico oil disaster, under an agreement reached late on Friday night. The settlement, announced by Judge Carl Barbier, was reached just ahead of Monday's trial in a New Orleans court. The trial, already delayed by a week to allow extra time for negotiations, has been postponed again. With one major settlement achieved, BP will probably redouble its efforts to reach a deal with the federal government......

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