BP Agrees To Settle Oil Spill Lawsuit For $7.8 Billion

BP announced late Friday it has agreed to settle a lawsuit over its 2010 oil spill in the Gulf of Mexico for $7.8 billion, according to the New York Times. The plaintiffs in the case are business and individuals affected by the spill.

ABOUT THE AUTHOR

Nick Martin is an associate editor at TPM in New York City. He came to the site in 2011 as a reporter for TPMMuckraker. Previously, he worked in Arizona, first as a staff reporter for a local newspaper and later as a freelance journalist. He also ran the news blog Heat City. Contact him at nick@talkingpointsmemo.com
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