Russian Shareholders To Sue BP Over TNK-BP

Law360, New York (June 11, 2008, 12:00 AM EDT) -- Adding to BP Plc's legal troubles in its Russian TNK-BP joint venture, four of the country's billionaires are reportedly planning to sue the oil company in a push to strip the BP-instated directors of their powers.

The legal move comes after a deadline for reaching an agreement between BP and the four Russians passed on Wednesday, according to Reuters.

BP allegedly asked German Khan and Mikhail Fridman of Alfa Group, Viktor Vekselberg and Len Blavatnik to sell their stakes in TNK-BP, but they had no interest...
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