settlement

Gulf Oil Spill Settlement
10:16 am
Thu May 3, 2012

Judge Allows Gulf Oil Spill Settlement to Proceed

NEW ORLEANS (AP) — A federal judge in New Orleans has preliminarily approved a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.

U.S. District Judge Carl Barbier's ruling Wednesday allows the settlement process to proceed, but he will hold a "fairness hearing" later this year before deciding whether to give his final approval.

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