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$7.8 billion BP settlement wins preliminary court approval

Judge Carl Barbier schedules final hearing for Nov. 8

BP has won preliminary court approval for a proposed $7.8 billion settlement with victims of the 2010 Deepwater Horizon oil spill.

The decision came one week after U.S. District Judge Carl Barbier announced that he was “leaning in favor” of approving the deal.  Yesterday he called the settlement “fair, reasonable, adequate, entered in good faith, free of collusion, and within the range of possible judicial approval.”

Alanna Byrne

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