LexisNexis® Legal Newsroom
The BP Securities Litigation: Court Sustains One Group Of Investors' Claims Of Securities Fraud Arising From the Deepwater Horizon Disaster

On February 13, 2012, the Hon. Keith Ellison, federal district court judge for the Southern District of Texas, ruled on motions to dismiss filed by several British Petroleum ("BP") entities and individual defendants who have been sued for securities fraud. The gravamen of investors' claims...

BP To Pay $4.5 Billion, Plead Guilty To Criminal Charges For Oil Spill

N EW ORLEANS - (Mealey's) BP PLC announced on Nov. 15 that it would plead guilty to a dozen felony charges brought by the federal government and pay $4.5 billion in penalties over its involvement in the explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico. ...