A federal judge has given final approval to BP's settlement with businesses and individuals who lost money because of the 2010 Gulf of Mexico oil spill.
BP estimates it will pay $7.8 billion to resolve more than 100,000 claims by businesses and individuals.
U.S. District Judge Carl Barbier approved the settlement in a 125-page ruling Friday.
He wrote that the settlement is fair, reasonable and adequate — and no objection has proved otherwise.
Barbier has not ruled on a medical settlement for cleanup workers and others who say exposure to oil or dispersants made them sick — just on economic and property damage settlements.
The settlement covers people and businesses in Louisiana, Mississippi, Alabama and some coastal counties in eastern Texas and western Florida.
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