Investing

BP And Plantiffs Settle In Deepwater Horizon Case--WSJ

A case which has been in the making for months, has finally settled. BP has been sued by a large number of businesses and individuals for damages due to oil leaks from the Deepwater Horizon explosion and leak.

According to the WSJ:

Judge Carl Barbier said Friday night that as a result of the agreement that will be filed with the court for approval, the trial that was scheduled to begin Monday has been postponed for a second time.

And charges brought by the federal government may not be part of this arrangement at all, leave BP with a potent several billion in liabilities.

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