Judge Nixes BP Derivative Suit, Suggests UK Venue

Law360, New York (September 15, 2011, 9:54 PM EDT) -- A Texas federal judge on Thursday tossed a suit from shareholders against BP PLC's directors and officers over the fatal April 2010 Deepwater Horizon oil rig explosion, saying England is a more appropriate venue for the litigation.

The English High Court should be the venue for the suit shareholders brought on behalf of the British corporation, which is a nominal defendant, U.S. District Court Judge Keith P. Ellison said.

"This case is a shareholder derivative action brought under a recently enacted U.K. statute on behalf of...
To view the full article, register now.




Case Information

Case Title

In Re: BP plc Securities Litigation

Case Number



Texas Southern

Nature of Suit



Judge Keith P Ellison

Date Filed

August 10, 2010

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.