BP reaches deal with plaintiffs over Gulf of Mexico spill

By Reuters
Saturday, March 3, 2012 1:41 EDT
google plus icon
Images of the BP oil spill on The Gulf of Mexico. Image via AFP.
  • Print Friendly and PDF
  • Email this page

NEW YORK (Reuters) – BP PLC has reached a $7.8 billion agreement with plaintiffs suing over the massive 2010 Gulf of Mexico oil spill, according to a court order on Friday, but the company still faces claims by the U.S. government and drilling partners.

BP said the cost of the proposed settlement would be around $7.8 billion, including a BP commitment of $2.3 billion to help resolve loss claims related to the Gulf seafood industry.

It said the proposed settlement was not an admission of liability by the company.

(Reporting by Andrew Longstreth; additional reporting by Andrea Shalal-Esa in Washington; Editing by Nick Macfie)

Mochila insert follows …

Reuters.com brings you the latest news from around the world, covering breaking news in business, politics, technology, and more.
By commenting, you agree to our terms of service
and to abide by our commenting policy.