April 12, 2013
A Texas federal judge Friday dismissed a $2.6 billion putative shareholder class action against BP PLC, ruling the case should have been filed in the U.K. and that the oil and gas giant was authorized to revoke dividend payments following the Deepwater Horizon disaster.
July 05, 2012
A Texas federal judge tossed a $2.6 billion putative shareholder class action against BP PLC over canceled dividend payments following the Deepwater Horizon oil spill, finding that the court lacked jurisdiction because the plaintiff failed to show BP had sufficient business activity in Oregon.