LexisNexis® Legal Newsroom
ERISA Stock-Drop Case Against BP Fiduciaries Is Dismissed

HOUSTON - Participants in BP's retirement plans failed to overcome the presumption that the plans' investment in company stock was prudent, even after the Deepwater Horizon explosion and uncontained oil spill, a federal judge in Texas ruled March 30 in dismissing the participants' breach...

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...