Fifth Circuit Affirms Federal Court's Class Certification Decision in In Re: BP p.l.c. Securities Litigation
September 08, 2015
On September 8, 2015, the United States Court of Appeals for the Fifth Circuit affirmed Judge Keith Ellison’s decision to certify a class of investors who purchased BP’s American Depositary Shares on April 26, 2010 through and including May 28, 2010 and were alleged to have been injured by BP’s low-balling the severity of the oil spill in the aftermath of the Deepwater Horizon explosion, which prevented investors from understanding the magnitude of the disaster.
Cohen Milstein serves as Co-Lead Counsel and represents plaintiffs and the New York State Common Retirement Fund in this class action.