New York, Ohio state pension funds named top plaintiffs in BP shareholders’ litigation


Bloomberg reported Wednesday that the New York and Ohio state pension funds have been named lead plaintiffs in shareholders litigation against BP Plc by a Houston judge.

U.S. District Judge Keith Ellison named the New York state comptroller and the Ohio state attorney general, who head their states public employee pension funds, as the lead plaintiffs for investors who purchased “either BP common stock or American depositary receipts from June 2005 to June 2010.”

The judge also named four individual investors as lead plaintiffs for a smaller class of investors who purchased the same instruments from March 2009 to April 20, 2010, the date the Deepwater Horizon oil rig exploded, killing 11 workers and beginning the worst oil spill in U.S. history.

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Stuart H. Smith is an attorney based in New Orleans fighting major oil companies and other polluters.
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