BP to pay $7.8 billion in settlements
Posted: Apr 19, 2012 11:35 AM EST | Updated: Nov 5, 2014 10:00 PM EST
A $7.8 billion settlement is in the works stemming from the 2010 BP oil spill.
Company officials say it reached the class action deal Wednesday. The terms were hammered out just two days before the second anniversary of the disaster.
It all started when a rig exploded aboard the deep-water horizon. Eleven workers died in that explosion.