BP Calls For High Pleading Standard

Law360, New York (May 30, 2007, 12:00 AM EDT) -- BP plc on Tuesday reaffirmed a motion it filed in February to dismiss a securities class action that alleges the global energy company willfully manipulated crude oil markets, saying the plaintiffs have not provided enough evidence for the case to move forward.

The February motion claimed that the lawsuit did not achieve a heightened pleading standard, even if all its facts were true. “They must provide enough facts to give rise to an inference of fraud,” the motion said. “Plaintiffs have not identified even a single...
To view the full article, register now.