Saturday, 22 December 2012 19:22

Judge Gives BP Settlement Final Approval, Sees Deal As Fair

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"NEW ORLEANS — A federal judge has given final approval to BP PLC's settlement with businesses and individuals who lost money because of the 2010 Gulf of Mexico oil spill.

BP estimates it will pay $7.8 billion to resolve more than 100,000 claims by businesses and individuals.

U.S. District Judge Carl Barbier approved the settlement in a 125-page ruling Friday."

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