Plaintiffs Strike Out Again in BP Shareholder Litigation

The U.S. Court of Appeals for the Fifth Circuit has killed off a shareholder derivative case against BP plc over the Deepwater Horizon oil spill, extending a winning streak for BP in investor litigation over the catastrophe. The court ruled that a district court judge didn't clearly err when he ruled that the claims should be heard in the United Kingdom, not the United States.

Source: http://www.law.com/jsp/law/sign_me_in.jsp?article=http://www.americanlawyer.com/digestTAL.jsp?id=1202585132815&rss=newswire

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