Anadarko Urges Court To Nix Deepwater Securities Suit

Law360, Houston (April 24, 2013, 8:33 PM EDT) -- Anadarko Petroleum Corp. urged a Texas federal judge Wednesday to dismiss a putative class action that alleges the energy giant deceived investors by downplaying its potential liability in the aftermath of the Deepwater Horizon accident, arguing there is no evidence company execs made misleading statements.

Charles Schwartz of Skadden Arps Slate Meagher & Flom LLP told U.S. District Judge Keith P. Ellison that a remark made two weeks after the spill by an Anadarko senior vice president during a conference call with market analysts suggesting that...
To view the full article, register now.