CNOOC Sheds Investor Suit Over Bohai Bay Oil Spill

By Kathryn Brenzel (May 6, 2013, 6:23 PM EDT) -- A New York federal judge on Monday tossed a proposed class action alleging China National Offshore Oil Corp. misled shareholders about the strength of its safety measures related to an oil spill in China's Bohai Bay, finding the suit failed to show that the company intentionally lied. ...

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