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BP Shareholders Granted Clearance to Sue BP Over DW Horizon

Posted on 9/16/15 at 9:05 am
Posted by jlc05
Member since Nov 2005
33424 posts
Posted on 9/16/15 at 9:05 am
For the OT Ballers...

quote:

5th US Circuit Court of Appeals in New Orleans ruled that the company must face a class-action suit from investors who claim BP’s conduct during the unfolding disaster constituted fraud of its own shareholders.

quote:

The key point is whether or not the company deliberately played down the rate of oil flow from the well, in order to limit hits to its share price.


LINK
Posted by TheAlmightySmash
New Orleans
Member since Jun 2014
5493 posts
Posted on 9/16/15 at 9:44 am to
quote:

The key point is whether or not the company deliberately played down the rate of oil flow from the well

Thought this was a known fact.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139231 posts
Posted on 9/16/15 at 9:47 am to
How is that company still around?
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 9/16/15 at 9:48 am to
How many people in Louisiana are employed by the BP litigation and settlement?
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12968 posts
Posted on 9/16/15 at 9:48 am to
because they are massive and have great assets
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139231 posts
Posted on 9/16/15 at 9:54 am to
How much money have they forked over so far?
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