Gulf oil spill settlement reached; BP expected to pay out $7.8 billion | NOLA.com

photo: NOLA- Times/Picayune

Gulf oil spill settlement reached; BP expected to pay out $7.8 billion | NOLA.com: "BP and the private plaintiffs in the massive Gulf oil spill litigation have reached a settlement that BP estimates will cost $7.8 billion. But that is an uncapped amount, an the court still must supervise the payment of damages. U.S. District Judge Carl Barbier also issued an order delaying the trial for a second time in light of the settlement."

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