BP Class Action Settlement Approved
A US federal judge, US District Judge Carl Barbier, has given final approval to BP's settlement. This settlement is for businesses and individuals who lost money because of the 2010 Gulf of Mexico oil spill. BP Plc estimates it will pay $7.8bn to cover economic and medical claims. Barbier has not ruled on the medical settlement for cleanup workers and others who say exposure to oil or dispersants made them sick. He only ruled on the economic and property damage settlements.