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BP must face shareholder suit over 2006 Alaska oil spill
Thursday February 13th 2014, 9:04 pm Filed under Shareholder lawsuit

A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC (LSE:BP.)(NYS:BP) 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. "Despite BP's public statements ... [News Source]