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Oil spill: Suits ended after Gulf states, Transocean settle

1 year 2 months 2 weeks ago October 29, 2015 Oct 29, 2015 Thursday, October 29 2015 October 29, 2015 6:27 PM in News
Source: Associated Press
By: APNewsNow

NEW ORLEANS - A settlement has led to official dismissal of federal lawsuits filed by the five Gulf of Mexico states against the owner of the offshore drilling rig involved in BP's 2010 Gulf of Mexico oil spill. 

U.S. District Judge Carl Barbier dismissed the suits Thursday against Transocean. Alabama, Florida, Mississippi, Louisiana and Texas joined Transocean in requesting the dismissal recently.

Alabama is expected to receive $20 million from the settlement. Documents from the other states indicate Louisiana will get $4 million; Texas, $2 million; Florida, $5 million. Mississippi's share hasn't been released. 

The Transocean settlements are far less than settlements announced earlier this year between rig operator BP and the states. That settlement, which also involved the U.S. Justice Department, is estimated to be worth more than $20 billion.

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