Shareholders of BP are attempting to salvage lawsuits alleging they lost stock value due to misleading and false statements made by current and former directors and officers before and after the 2010 Deepwater Horizon disaster.
On April 11, lawyers for employees of BP who owned shares in the company’s various retirement plans moved to amend their case, which U.S. District Judge Keith Ellison of the Southern District of Texas had dismissed on March 30. At the same time, BP’s lawyers moved for final judgment in the case, which was brought under the Employee Retirement Income Security Act, or ERISA.
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