Halliburton Reaches $1 Billion Gulf Oil Spill Settlement - Articles

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Posted by: Brittany Sims on Sep 3, 2014

Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation, the Chattanooga Times Free Press reports from the Associated Press. A federal judge still has to approve the settlement and rule on the extent to which parties, including Halliburton, were negligent in the deadly explosion of the Deepwater Horizon offshore oil rig. Those rulings could affect plaintiffs' decisions on whether to participate in the settlement, which was announced Tuesday.