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BP must face shareholder suit over 2006 Alaska oil spill -ruling

Thu, 13th Feb 2014 19:29

SAN FRANCISCO, Feb 13 (Reuters) - A U.S. appeals court onThursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spillin Alaska.

The ruling from the 9th U.S. Circuit Court of Appeals in SanFrancisco allows shareholders to proceed with some securitiesfraud claims against BP after a lower judge had dismissed them.

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