BP oil rig settlement backed by plaintiff lawyer

BP Plc (BP/)’s $7.8 billion settlement with businesses and individuals over the Deepwater Horizon oil rig disaster won the support of a Houston-based lawyer representing almost 12,000 plaintiffs, the Sunday Telegraph reported.

Attorney Tony Buzbee said the deal was encouraging and could benefit his clients, the newspaper reported. More than 100,000 plaintiffs are affected by the settlement, according to the Sunday Telegraph.