Rumors are swirling that BP, Plc has reached a $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC), a group that represents more than 100,000 individuals negatively affected by the 2010 Deepwater Horizon explosion and subsequent oil spill. This settlement effectively postpones the trial that was set to begin in New Orleans on Monday. Despite this major move, BP still faces active claims from a number of local, state and federal governments and agencies who were damaged by the spill.
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Source: MSNBC
