Anadarko Shareholders Urge Court Not To Toss Deepwater Suit

Law360, New York (November 19, 2012, 2:19 PM EST) -- A putative class of Anadarko Petroleum Corp. shareholders on Friday hit back at the company's bid to dismiss a suit claiming it had deceived investors about its liability for the Deepwater Horizon oil well explosion, telling a Texas federal court they had adequately backed their claims.

According to the lead plaintiffs — the Pension Trust Fund for Operating Engineers and the Employees’ Retirement System of the Government of the Virgin Islands — their claims that Anadarko had downplayed its liability following the fatal April 2010 rig...
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