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BP Reaches Settlement With "Substantial Majority"of Plaintiffs over Deepwater Horizon Oil Spill

The Wall Street Journal reports BP said late Friday it has reached a $7.8 billion settlement with a “substantial majority” of the thousands of plaintiffs who sued in the wake of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.  The settlement will be paid from a $20 billion trust fund set up after largest maritime oil spill in U.S. waters.

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