Will BP's $7.8 Billion Settlement Be The End Of The Deepwater Horizon Case?

Two years after the Deepwater Horizon oil spill in the Gulf of Mexico, which killed 11 workers and released 4.9 million barrels of oil into the ocean, BP has finally agreed an out of court settlement to the value of $7.8 billion with many of the plaintiffs. The damages will be paid from the $20 billion trust fund established after the spill. BP Chief Executive Bob Dudley released a statement announcing that, “the proposed settlement represents significant progress toward resolving issues from the Deepwater Horizon accident.” James Roy…

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