U.S. District Judge Carl Barbier said during a hearing Wednesday that he plans to rule within a week on whether to preliminarily approve the deal. Barbier would hold a "fairness hearing" later this year before deciding whether to give his final approval.
The deal between BP and a team of plaintiffs' attorneys is designed to resolve more than 100,000 claims by people and businesses who blame economic losses on the spill.
BP estimates it will pay about $7.8 billion to resolve these claims, but the settlement isn't capped.
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