May 20, 2014
A Texas federal judge handed down a mixed ruling Tuesday to BP PLC shareholders embroiled in litigation over losses to the energy giant's stock price following the Deepwater Horizon disaster, granting class certification to one of two proposed investor subclasses.
December 06, 2013
A Texas federal judge denied class certification for investors facing losses in the aftermath of BP PLC's Deepwater Horizon rig explosion in 2010, after determining Friday that the investors' damages calculation was too murky to earn certification in light of a recently bolstered standard from the U.S. Supreme Court.
November 18, 2013
BP PLC urged a Texas federal judge Monday to deny class certification in multidistrict litigation over investment losses New York and Ohio public retirement funds allegedly suffered following the Deepwater Horizon disaster, saying the pensions' method for calculating damages is flawed.
October 28, 2013
BP PLC and several subsidiaries and former executives asked a Texas federal judge on Friday to nix the only claim left standing in a securities fraud lawsuit lodged by three public pension funds in the aftermath of the Deepwater Horizon explosion.
October 11, 2013
A Texas federal judge said in a decision released Thursday that pared down suits public retirement funds filed against BP PLC in multidistrict litigation over losses they suffered on the London Stock Exchange following the Deepwater Horizon disaster could be heard in the U.S.
October 03, 2013
In a ruling filed Thursday, a Texas federal judge pared a putative securities class action 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.
Correction: An earlier story suggested the suit is part of a larger class action. The error has been corrected.
August 15, 2013
BP PLC and its former CEO Tony Hayward on Thursday urged a Texas federal court not to certify two proposed classes of investors facing losses after the British oil giant and its executives allegedly overstated their disaster readiness ahead of the 2010 Deepwater Horizon explosion.
May 10, 2013
BP PLC asked a Texas federal judge Friday to toss suits brought by public retirement funds in multidistrict litigation over losses they suffered on the London Stock Exchange following the Deepwater Horizon disaster, arguing the cases should be heard in the U.K.
January 07, 2013
BP PLC told a Texas federal court Friday to toss suits brought by public retirement funds in multidistrict litigation over losses they suffered on the London Stock Exchange following the Deepwater Horizon disaster, arguing the cases should be heard in the U.K.
May 03, 2012
BP PLC on Wednesday sought to bar a class of current and former employees from renewing allegations in Texas federal court that the company doomed their employee retirement funds by overinvesting in company stock in the years before the Deepwater Horizon oil spill.