Saturday, March 3, 2012

Video: BP to pay billions to settle Gulf spill suit

BP agrees to a multibillion-dollar deal to settle economic and medical losses claimed in a lawsuit brought by victims of the 2010 Gulf oil spill. NBC?s Chief Environmental Affairs Correspondent Anne Thompson reports.

>>> there is word tonight of multibillion dollar settlement for those victims of the gulf oil spill. anne thompson has details.

>> reporter: good evening. it involves up to 120,000 shrimpers, business owners and individuals all impacted by the oil spill . b.p. estimates it will pay $7.8 billion to settle their claims which fall into two categories -- economic losses and medical claims. 2 $2.3 billion is set aside to pay for the seaside losses alone. a new administrator will be appointed by the court. feinberg has been accused by of being stingy in his assessment of the losses. b.p. does not settle the civil claims filed by the federal government or the states of louisiana and alabama. lester?

Source: http://video.msnbc.msn.com/nightly-news/46616071/

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