The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

U.S. Supreme Court rejects appeal in shareholder suit against BP

Mon, 02nd May 2016 13:37

WASHINGTON, May 2 (Reuters) - The U.S. Supreme Court onMonday declined a request from shareholders seeking to revivetheir class action lawsuit against BP claiming theBritish oil company misrepresented its safety procedures priorto the 2010 Gulf of Mexico oil spill.

The court left in place a September 2015 ruling by the NewOrleans-based 5th U.S. Circuit Court of Appeals that refused tocertify the lawsuit filed by investors who bought shares in the2-1/2 years before the spill. BP's share price plummeted afterthe disaster that has cost the company more than $55 billion. (Reporting by Lawrence Hurley; Editing by Will Dunham)

Related Shares

More News
9 May 2024 15:51

UK dividends calendar - next 7 days

9 May 2024 13:53

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round...

9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

8 May 2024 13:19

Middle East Crude-Benchmarks fall, snapping two-day streak

SINGAPORE, May 8 (Reuters) - Middle East crude benchmarks Dubai, Oman and Murban fell on Wednesday after rising for consecutive days after Saudi Aramc...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.