[JURIST] British Petroleum (BP) [corporate website] on Friday announced an estimated $7.8 billion class action settlement [press release] to resolve the majority of claims [materials] filed by individual and business plaintiffs after the 2010 Deepwater Horizon oil spill [BBC backgrounder; JURIST news archive]. The proposed settlement comprises two separate agreements between BP and plaintiffs, one to resolve economic loss claims and another to resolve medical claims, and each is expected to be paid out of the $20 billion compensation trust...

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