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Judge Carl Barbier

This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

BP, plaintiffs reach spill $7.8 billion settlement

A federal judge says BP and a committee representing plaintiffs suing over the 2010 Gulf oil spill reached an $8 billion agreement Friday night.
(Photo: Sam Howzit/Flickr)

Judge throws out RICO claims vs. BP *update*

Gulf Coast businesses and residents can’t make claims that BP engaged in racketeering as part of last year’s oil spill, a federal judge ruled on today. The judge also said Anadarko must try to arbitrate its disputes over the failed Macondo well with BP before it can sue.