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BP Seeks Pension Fund Claims Dismissal
BP has asked a U.S. District Court judge to dismiss pension fund claims over its last year’s oil spill.
BPhas asked a U.S. District Court judge to dismiss pension fund claims over its last year’s oil spill,Pensions & Investmentsreports.New York State Common Retirement Fundalong with four Ohio public pension funds had claimed losses and is seeking recovery from BP and its directors and officers.
The four Ohio plans in the lawsuit are theOhio Public Employees Retirement System,Ohio State Teachers’ Retirement System,Ohio Police & Fire Pension FundandOhio School Employees Retirement System. The shareholders have alleged that BP violated U.S. securities laws by misleading them before and after the spill.
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