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Gulf oil spill settlement reached

March 6, 2012 - 5:13pm
Submitted by Tim Gilmore on March 6, 2012 - 5:13pm

BP announced that it has reached a nearly $8 billion settlement with private plaintiffs relating to the April 2010 explosion of the Deepwater Horizon drilling platform and subsequent oil spill, Bloomberg reports.  The settlement does not resolve the federal government’s criminal and civil cases against the company.

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