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BP Agrees To Settle Oil Spill Lawsuit For $7.8 Billion

by Nick R. Martin

03.03.12 | 5:52 am

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.

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Nick R. Martin 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