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. ...

SEC Settles Insider Trading Case Tied to BP Oil Spill

The SEC filed a settled insider trading action against an employee of BP p.l.c. tied to the Deepwater Horizon oil spill in 2010. Specifically, the Commission claims that Keith Seilhan had material non-public information regarding the severity of the spill that had not been disclosed at the time he sold...