BP must face shareholder suit over 2006 Alaska oil spill -ruling

SAN FRANCISCO Thu Feb 13, 2014 2:29pm EST

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SAN FRANCISCO Feb 13 (Reuters) - A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spill in Alaska.

The ruling from the 9th U.S. Circuit Court of Appeals in San Francisco allows shareholders to proceed with some securities fraud claims against BP after a lower judge had dismissed them.

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A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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