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The University of Louisiana and Southern University Systems have settled lawsuits they filed against BP for a very small fraction of what they sought, The New Orleans Advocate reported. The systems sought a total of $274 million but settled for $500,000. The suits alleged damages against the universities related to the 2010 oil spill disaster. University officials said that they accepted a "compromise" because of the concern of state officials about moves that might limit the state of Louisiana's overall share of settlement funds with BP over the oil damage.
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