Court Gives Final Approval to BP Settlement

A U.S. District Court judge has given final approval to BP's (NYSE: BP  ) settlement over damages arising from the 2010 Deepwater Horizon oil spill, according to a court filing.

Judge Carl Barbier, who initially assented to the settlement this past May, gave the nod to the estimated $7.8 billion BP will pay to settle more than 100,000 claims in a massive class action lawsuit. The claimants include both businesses and individuals who said the spill resulted in financial or property losses for them.

The disaster was the worst of its type in history. The equivalent of nearly 5 million barrels of oil leaked into the Gulf of Mexico during the 87-day duration of the spill.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2167350, ~/Articles/ArticleHandler.aspx, 11/28/2014 4:00:58 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,828.24 0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASD 4,791.63 4.31 0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/28/2014 1:02 PM
BP $39.32 Down -2.27 -5.46%
BP p.l.c. (ADR) CAPS Rating: ****

Advertisement