Judge Substantially Dismisses Securities Claims In BP Oil Spill Lawsuit

Judge Substantially Dismisses Securities Claims In BP Oil Spill Lawsuit

HOUSTON - In an opinion made available on Oct. 7, a federal judge in New York significantly trimmed the claims in a securities class action complaint filed by Ohio state pension funds against BP PLC., two of its subsidiaries and three former officers and directors, ruling that the pension funds had not properly pleaded that the court had jurisdiction over some of the claims (In re BP p.l.c. Securities Litigation, No. 10-md-2185, Ohio Public Employees Retirement System, et al. v. BP P.L.C., et al., No. 12-1837, S.D. N.Y.; 2013 U.S. Dist. LEXIS 142947).

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