A federal judge Tuesday approved a settlement between Arkansas-based Murphy Oil Corp. and about 6,000 St. Bernard Parish homeowners over an oil spill that happened during Hurricane Katrina. In a three-page ruling, U.S. District Judge Eldon Fallon called the $330 million settlement "fair, reasonable and adequate." He also approved more than $36 million in attorney fees and costs to be paid by Murphy, based in El Dorado, Ark. The settlement puts to rest the vast majority of lawsuits filed after a huge oil-storage tank at Murphy's flooded refinery near New Orleans floated off its foundation and broke in 2005, unleashing about 25,000 barrels of oil in the surrounding neighborhoods. "I think it's a victory for the people of St. Bernard that this matter was resolved so quickly," said Scott Bickford, lead attorney for the plaintiffs. If Murphy accepts the settlement, people could get checks within 60 days, he said....
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