BP faces fraud claims by investors who said the company lied before and after the 2010 Gulf of Mexico oil spill about its accident response capability, thanks to a ruling by U.S. District Judge Keith P. Ellison in Houston yesterday. Ellison said that holders of BP American depositary receipts to pursue claims alleging violations of U.S. securities law. He dismissed claims by investors who bought ordinary shares of London-based BP, saying his court has no jurisdiction over them. Read more.
Rules for Comments
Your comments are welcomed, but there are some rules to follow:
(1) Be Nice. No comments that slander another, no racism, no sexism, no personal attacks.
(2) No Harrassing Comments.
(3) No Libel. That’s saying something is not true about someone. Don’t do it.
(4) Keep it clean. Nothing vulgar, obscene, or sexually related. No profanity or obvious substitutions.
(5) I reserve the right to remove any comments that violate our rules or are inappropriate. I am not responsible for what is posted. Comments may not appear right away until they are approved by a moderator.
(6) Limit your comments to the subject in this story only, and limit comments to 1,500 characters or less. Do not post copyrighted material. Comments will not be added to stories that are over five days old.
(7) No posts may advertise a commercial business, political candidate, or political group. Links in a comment aren’t allowed.
8) Commenting too many times may result in your comments not being allowed. Readers will begin to ignore your views.
9) Email me if you believe a comment violates any of these rules, and it will be deleted.
