In a 125-page ruling issued recently, a federal district judge has approved BP plc (NYSE:BP) (LON:BP)'s $7.5 billion settlement with businesses and individuals over the Deepwater Horizon disaster and oil spill. The approval has effectively closed the book on the settlement expected to resolve thousands of claims filed on a class action suit. In the largest such settlement in US history, British Petroleum also resolved federal criminal and security suit filed against the company for the spill in a deal worth $4.5 billion.