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BP must face shareholder suit over 2006 Alaska oil spill -ruling
February 13, 2014 / 7:31 PM / 4 years ago

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

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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