(Reuters) - A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster. The 5th U.S. Circuit Court of Appeals in New Orleans said that a ruling last month from the U.S. Supreme Court upended the reasoning applied by a lower court that had dismissed the class action suit two years ago. A unanimous three-judge panel ordered U.S. District Judge Keith Ellison in Houston to take another look at the claims of participants in the retirement savings plans. The participants said the value of a BP stock fund in which their money was invested fell by $1.85 billion in the months after the Deepwater Horizon rig exploded in the Gulf of Mexico.
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