DiNapoli sues BP over investment losses from oil-spill disaster

DiNapoli sues BP over investment losses from oil-spill disaster

by Eric Reinhardt

6/23/2010 2:41:00 PM

New York State Comptroller Thomas DiNapoli announced today he has hired a law firm to represent the New York State Common Retirement Fund in a class-action lawsuit against London-based BP, p.l.c. (NYSE: BP).

The state-pension fund will seek lead-plaintiff status in the action that stems from BP's explosion and spill at its Deepwater Horizon oil rig in the Gulf of Mexico.

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DiNapoli sues BP over investment losses from oil-spill disaster

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Oneida Nation agrees to pay the state casino revenue in return for exclusivity

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