BP Investors Ask 9th Circ. To Revive Alaska Spill Suit

Law360, New York (April 6, 2012, 5:20 PM EDT) -- A putative class of shareholders that accused BP PLC of lying to investors about a corroding Alaska pipeline whose ultimate shutdown triggered a drop in share prices that cost them billions asked the Ninth Circuit on Thursday to revive its case.

The putative lead plaintiffs in the case filed a notice of appeal informing the Washington federal court that they would be taking the case to the Ninth Circuit, its second go before the appeals court.

U.S. District Judge Marsha J. Pechman tossed the proposed class...
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