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BREAKING NEWS

BP reaches deal with oil spill plaintiffs

By REUTERS

MARCH 3, 2012 06:01

NEW YORK - BP PLC has reached an agreement with counsel for plaintiffs suing over the massive 2010 Gulf of Mexico oil spill, according to a court order on Friday.

US District Judge Carl Barbier, who is overseeing the litigation, said in the order that the proposed terms of a class settlement would be submitted to the court for approval.

He also adjourned the first phase of the trial over the spill, which was scheduled to begin on March 5.

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