In the wake of the disastrous April 2010 Deepwater
Horizon oil spill, BP was hit with a wave of litigation from plaintiffs
asserting claims of personal injury, wrongful death and property damage. The
claimants also included BP shareholders raising allegations that they had been
misled regarding BP...
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...