BP
announced
it
had
reached
“definitive
and
fully
documented
agreements
with
the
Plaintiffs'
Steering
Committee
(PSC)
to
resolve
the
substantial
majority
of
eligible
private
economic
loss
and
medical
claims”
stemming
from
the
disaster.
BP
chief
executive
Bob
Dudley
said
the
deal
"offers
those
affected
full
and
fair
compensation,
without
waiting
for
the
outcome
of
a
lengthy
trial
process".
The
settlement
is
divided
into
two
deals,
one
for
economic
and
property
damages
and
the
other
for
medical
claims.
As
previously
disclosed,
BP
estimates
that
the
cost
of
the
settlement
will
be
around
$7.8
billion,
including
administration
costs
and
plaintiffs'
legal
fees.
The
company…
