W&L Named Lead Counsel in BP Litigation

October 09 2006

Weiss & Lurie has been named co-lead counsel in In re BP p.l.c. (“BP”) Derivative Litigation in the Southern District of New York. The complaint alleges gross mismanagement and breaches of fiduciary duty by BP’s Officers and Directors which resulted in the 2005 explosion at BP’s Texas City refinery, criminal and civil investigations and fines relating to BP’s manipulation of the propane, crude oil and gasoline markets and caused the largest oil spill ever in Prudhoe Bay, Alaska, which ultimately caused the closing down of Prudhoe Bay’s oil production.

If you have any questions or would like to know more about the case please click here to see the case summary and/or contact us for more information.