September 27, 2016
The Fifth Circuit ruled on Monday that BP PLC employees suing over damage to their BP-invested retirement funds from the Deepwater Horizon oil spill haven't specified what plan administrators could have done differently to get a better result, as the U.S. Supreme Court has required.
March 14, 2016
The Department of Labor and the U.S. Securities and Exchange Commission on Friday told the Fifth Circuit in an Employee Retirement Income Security Act suit over BP PLC's stock losses from the Deepwater Horizon disaster that BP could have prevented losses without violating the law.
August 28, 2015
Drilling giant BP PLC has urged the Fifth Circuit to put to bed a former employee's Employee Retirement Income Security Act class action over stock losses suffered after the Deepwater Horizon catastrophe, saying a district court has nudged wider the limits of a Supreme Court decision covering suits like this.