NY Times reports that Halliburton settles Gulf Oil Spill claims for $1.1 billion

Halliburton, the company contracted by BP to cement the ill-fated Macondo oil well in the Gulf of Mexico, has reached a $1.1 billion settlement with thousands of businesses, individuals and local governments that suffered losses from the 2010 Deepwater Horizon oil rig explosion, the company and plaintiffs announced on Tuesday.  The New York Times has the full story here.

Thanks to Torts Today for the update.