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October 01, 2013 AT 5:55 AM
By Jeb Blount RIO DE JANEIRO (Reuters) - A Brazilian federal judge dismissed a lawsuit against No. 2 U.S. oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over a November 2011 oil spill. Brazilian prosecutors had sought 40 billion reais ($18 billion) in damages from Chevron and offshore drilling contractor Transocean Ltd for a 3,600-barrel leak in the Frade offshore oil field, which Chevron operates, northeast of Rio de Janeiro. Prosecutors also filed criminal charges against the companies and 17 of their employees. ...