We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Dismisses Derivative Suit Against BP

Law360 (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,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.