CASES
BP P.L.C. (2010) (N.D. CAL.)
Class Period: Apr 16, 2009 to May 21, 2010
Lead Plaintiff Deadline: Oct 27, 2010 + Deadline passed
Summary of Case:
A securities class action has been filed against BP P.L.C. (2010) (N.D. CAL.) (BP) ("BP" or the "Company") on behalf of all securities purchasers from April 16, 2009 through May 21, 2010, inclusive ("Class Period"), in the United States District Court for the Northern District of California.
The complaint alleges that defendants are liable for: (i) Making false statements; or (ii) failing to disclose adverse facts known or reasonably available to them about BP or which there were under a duty to disclose. Defendants fraudulent scheme and course of business operated as a fraud or deceit on purchasers of BP American Depository Receipts ("ADRs") by: (i) deceiving the investing public regarding the safety of BP's operations, its prospects and its business; (ii) artificially inflating the prices of BP ADR's; (iii) including Plaintiff and other class members to purchase BP ADR's at inflated prices; and (iv) causing plaintiff and other class members to suffer damages when the conditions concealed by the defendant fraudulent scheme were revealed to the market, causing the prices of BP ADR's to decline.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.