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Halliburton agreed Tuesday to pay $1.1 billion to settle claims from plaintiffs who contend they were economically harmed by the Deepwater Horizon oil spill, the 2010 disaster that has spawned a number of expensive and contentious lawsuits.

Halliburton has long insisted that the cement job it did to seal BP’s Macondo oil well was not to blame for the blowout and fire that sank the Deepwater Horizon rig and triggered the largest oil spill in U.S. history. Nonetheless, the company had set aside $1.3 billion for possible payments.

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