Popular News From Popular Sites: BP oil spill lawsuit in U.S. wins class-action status

Wednesday, May 21, 2014

BP oil spill lawsuit in U.S. wins class-action status

File photo of fire boat response crews battling the blazing remnants of the offshore oil rig Deepwater Horizon off Louisiana (Reuters) - A U.S. judge has allowed a group of BP Plc shareholders to pursue a class-action lawsuit accusing the company of misleading them by understating the severity of the 2010 Gulf of Mexico oil spill. U.S. District Judge Keith Ellison in Houston also denied class certification to a second group of shareholders that claimed BP had, prior to the explosion of the Deepwater Horizon drilling rig, overstated its ability to manage safety issues.




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