BP, plaintiffs reach Gulf oil spill settlement

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NEW ORLEANS (AP) -- A federal judge says BP and a committee representing plaintiffs suing over the 2010 Gulf oil spill have reached an agreement.

Judge Carl Barbier said Friday night that as a result of the agreement that will be filed with the court for approval, the trial that was scheduled to begin Monday has been postponed for a second time.

No new date was immediately set.

The judge said the settlement will likely result in a realignment of the parties in this litigation and require substantial changes to the current trial plan. He didn't elaborate, and there was no mention in his order anything about the status of BP's talks with the federal government and other parties.