for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Ohio, New York state pensions named plaintiffs in BP case

NEW YORK (Reuters) - State pension funds in Ohio and New York were named lead plaintiffs in a shareholder suit against BP Plc BP.L that alleges losses due to the Gulf Coast oil spill, according to a U.S. district court ruling.

The case seeks damages for investors that bought shares of BP or American depository receipts of the company from 2005 through 2010.

Keith Ellison, U.S. district judge for the southern district of Texas, named Ohio State Attorney General Richard Cordray and New York State Comptroller Thomas DiNapoli as lead plaintiffs.

Cordray recently lost his reelection bid for the attorney general office.

Shares of London-based BP plunged after its Deepwater Horizon offshore oil rig exploded last spring, sparking one of the largest oil spill’s in history.

BP’s stock has recovered roughly 45 percent of its value since hitting a low due to the spill in June. Shares rose 14 cents to $44.11 (£28.65) in Tuesday trading.

Reporting by Ernest Scheyder; Editing by Bernard Orr

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up