Class Serves BP With RICO Suit Over Safety Cuts

Law360, New York (August 16, 2010, 5:43 PM EDT) -- A putative class of Louisiana business and property owners has sued BP PLC and several of its subsidiaries and officers, saying the company's concealment of a plan to cut safety expenses to boost proceeds violated the federal Racketeer Influenced and Corrupt Organizations Act.

BP obtained millions of barrels of oil and billions of dollars in profits through a widespread mail and wire fraud scheme designed to make the public believe the company was concerned about safety, when in reality it was cutting funding for certain safety...
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