Daily Archives: April 22, 2014, 12:02 pm

Institutional investors step off sidelines to sue BP for fraud — Alison Frankel, On the Case

A spate of U.S. pension funds, including Bank of America’s private pension plan and funds for public workers in Maryland, Louisiana and Texas, filed suits Friday accusing BP of defrauding investors in its statements about the Deepwater Horizon oil spill in April 2010. Piling on just ahead of the statute of limitations, several foreign institutions, such as Norges Bank and…

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