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Fri Mar 2, 2012, 10:23 PM

BP, Plaintiffs Reach Gulf Oil Spill Settlement (Multiple Billions) [View all]

Source: Business Insider / AP

Mar 2, 10:18 PM EST

BP, plaintiffs reach Gulf oil spill settlement

By MICHAEL KUNZELMAN and HARRY R. WEBER
Associated Press

NEW ORLEANS (AP) -- BP and a committee representing plaintiffs suing over the 2010 Gulf oil spill have reached an agreement, a federal judge said late Friday night.

As a result of the agreement that will be filed with the court for approval, the trial that was scheduled to begin Monday has been postponed for a second time, Judge Carl Barbier said.

No new date was immediately set.

The settlement will likely result in a realignment of the parties in this litigation and require substantial changes to the current trial plan, Barbier said. He didn't elaborate, and there was no mention in his order of anything about the status of BP's talks with the federal government and other parties.

Read more: http://www.businessinsider.com/bp-gulf-oil-spill-settlement-2012-3

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Reply BP, Plaintiffs Reach Gulf Oil Spill Settlement (Multiple Billions) [View all]
Hissyspit Mar 2012 OP
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