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Glenn v. BP P.L.C.
Case Number:
4:11-cv-02941
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Firms
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April 12, 2013
BP Escapes $2.6B Suit Over Canceled Post-Spill Dividend
A Texas federal judge Friday dismissed a $2.6 billion putative shareholder class action against BP PLC, ruling the case should have been filed in the U.K. and that the oil and gas giant was authorized to revoke dividend payments following the Deepwater Horizon disaster.
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July 05, 2012
BP Ducks $2.6B Suit Over Canceled Post-Spill Dividend
A Texas federal judge tossed a $2.6 billion putative shareholder class action against BP PLC over canceled dividend payments following the Deepwater Horizon oil spill, finding that the court lacked jurisdiction because the plaintiff failed to show BP had sufficient business activity in Oregon.