BP settles Gulf oil spill lawsuit out of court

BP settles Gulf oil spill lawsuit out of court

POSTED: Monday, March 5, 2012 - 9:30pm

UPDATED: Wednesday, October 24, 2012 - 10:24am

With the two year anniversary of the Crisis on the Coast next month, BP has settled their lawsuit out of court.

The trial had been set for today, but a federal judge in New Orleans said BP and a committee representing plaintiffs had reached an agreement over the weekend.

The plaintiffs are suing over the explosion on the Deepwater Horizon oil rig in the Gulf of Mexico in 2010, which killed 11 workers and spilled more than 4 million barrels of oil into the Gulf.

The agreement will be filed with the court for approval.

This is just one of several lawsuits for BP.
  

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