NEW YORK - (AP) -- New York City is suing BP over the drop in its stock price after the 2010 Gulf of Mexico oil spill, saying its pension funds lost $39 million.
The lawsuit in federal court in New York claims BP failed to tell shareholders about the risks of its offshore drilling, and that after the spill it tried to minimize the cost to shareholders.[Newsday]
2 comments:
If NYC can sue over pension losses when BP's stock tanked, can we sue BP for property value loss if and when they stuff a wind farm down our pie holes?
Hey 7:59...yes you can..and those wind voters and leaseholders too. There is more an more evidence that wind destroys property values.
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