BP and lawyers for the businesses claiming damages in the Gulf of Mexico oil disaster have finalised the details of a multi-billion dollar settlement and submitted it to a judge in New Orleans.
The proposed settlement, which includes economic and medical claims, must be approved by US district judge Carl Barbier. He has scheduled a closed-door conference on the proposal on 3 May.
More than 100,000 shrimp boat captains, condo owners and other small business owners are suing BP for economic losses during the spill. Lawyers for those plaintiffs claimed victory on Wednesday.
For more on this story, visit: Deepwater oil spill: BP finalises settlement with Gulf residents | Environment | guardian.co.uk.