Judge Trims Deepwater Securities Suit Against BP, Execs

Law360, Los Angeles (October 3, 2013, 9:16 PM EDT) -- In a ruling filed Thursday, a Texas federal judge pared a securities suit against BP PLC and its units and executives over losses the investors in Ohio pension funds sustained after the British oil giant allegedly overstated its disaster readiness ahead of the 2010 Deepwater Horizon explosion.

U.S. District Judge Keith P. Ellison granted the defendants’ motion to dismiss all claims against BP America Inc., BP Exploration & Production Inc., ex-CEO Tony Hayward, ex-chief operating officer Doug Suttles, and Andy Inglis, the executive in charge of...
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