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Recovering Losses Caused By Investment Misconduct

Ohio Pension Plan Among Plaintiffs in Investment Fraud Case Against BP

British Petroleum must face the investment fraud charges brought by investors against the company after the April 2010 Deepwater Horizon Gulf oil spill, according to a ruling by a federal judge last month. Investors say that BP made misrepresentations both before and after the spill about its spill response capabilities and its capacity to deal with a problem of this magnitude.

The investors are led by the New York and Ohio pension plans that held shares of BP. The plaintiffs allege that BP made public statements about commitment to safety while ignoring internal complaints, cutting staff, and reducing budget resources.

The February, 2012, ruling will allow certain claims to go forward, but it does not issue an opinion about whether plaintiffs will be able to recover securities fraud damages against BP.

About Our Law Firm:

Meyer Wilson is the only Ohio investment fraud law firm that is exclusively dedicated to individual investor claims and class action cases. Our securities fraud attorneys have successfully represented investors throughout the nation in securities arbitration, mediation, and litigation claims against the stockbrokers, brokerage firms, and financial advisors who caused them harm. All of our cases are handled on a contingency fee, and our investment fraud lawyers do not request retainers of any kind.

Categories: Investment Fraud

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