Judge Dismisses Derivative Suit Against BP

Law360, New York (July 23, 2007, 12:00 AM EDT) -- A judge on Monday dismissed a derivative suit against BP plc, ruling that claims of breach of fiduciary duty relating to the Prudhoe Bay oil leak and other missteps could not be heard in New York district court, since the British-based company is subject to British law.

Judge Harold Baer Jr. of the U.S. District Court for the Southern District of New York used the reasoning of New York’s internal affairs doctrine to dismiss the claims brought by BP shareholders last August. Judge Baer ruled that,...
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