BP, PLC - Securities Class Action

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Stanford Law School

BP, PLC Summary: According to the complaint filed May 21, 2010, there was a massive explosion on a mobile offshore drilling unit in the Gulf of Mexico operated by BP known as the Deepwater Horizon, caused by inadequate safety protocols. BP convinced investors, including Plaintiffs, that BP would be able to generate tremendous growth with minimal risk. BP was misleading the investing public. The truth was that BP was cutting comers and reducing its spending on safety measures in an effort to maximize profits in the Gulf of Mexico. Indeed, it was not until April 20, 2010, after the explosion, that material information began to emerge about BP's safety measures.

Several complaints have been filed in the District Courts for the Eastern and Western Districts of Louisiana and the Central District of California.

By the Order from the U.S. Judicial Panel on Multidistrict Litigation dated August 2010, several actions filed in the Western District of Louisiana and Central District of California are not transferred to the Southern District of Texas, In Re: BP plc Securities Litigation, MDL # 2185. All future pleadings should be filed with the newly assigned court.

On February 14, 2011, the lead plaintiffs filed a Consolidated Class Action Complaint For Violations Of Federal Securities Laws. The defendants responded by filing motions to dismiss the claims on May 6, 2011.

INDUSTRY CLASSIFICATION:
SIC Code: 2911
Sector: Energy
Industry: Oil & Gas - Integrated

COMPANY/ISSUER NAME:	BP, PLC
COMPANY/ISSUER TICKER:	BP
COMPANY WEBSITE:	http://www.bp.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Robert Ludlow, et al. v. BP, PLC, et al.

COURT: W.D. Louisiana	DOCKET NUMBER: 10-CV-00818
JUDGE NAME: Hon. Richard T Haik, Sr
DATE FILED: 05/21/2010	SOURCE:
CLASS PERIOD START: 03/04/2009	CLASS PERIOD END: 04/20/2010
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Cotchett Pitre & McCarthy (Burlingame) 840 Malcolm Road, Suite 200, Burlingame, CA, 94010 (voice) 650.697.600, (fax) 650.697.600, Domengeaux, Wright, Roy, & Edwards 556 Jefferson Street, P.O. Box 3668, Lafayette, LA, 70502 (voice) (337) 233-3033, (fax) (337) 233-2796, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint For Violations of Federal Securities Laws
Type: Docket		Date on the document: 05/21/2010
Transfer Order
Type: Court Transfer Order		Date on the document: 08/24/2010
U.S. District Court Civil Docket
Type: Docket		Date on the document: 08/25/2010

REFERENCE COMPLAINT

In Re: BP P.L.C. Securities Litigation

COURT: S.D. Texas	DOCKET NUMBER: 10-MD-02185
JUDGE NAME:
DATE FILED: 02/14/2011	SOURCE:
CLASS PERIOD START: 03/04/2009	CLASS PERIOD END: 04/20/2010
TYPE OF COMPLAINT: First Consolidated
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Cotchett Pitre & McCarthy (Burlingame) 840 Malcolm Road, Suite 200, Burlingame, CA, 94010 (voice) 650.697.600, (fax) 650.697.600, Mithoff Law Firm One Allen Center; 500 Dallas Street, Houston, TX, 77002 (voice) 713.654.1122, (fax) 713.654.1122, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE REFERENCE COMPLAINT
Consolidated Class Action Complaint For Violations Of Federal Securities Laws (Subclass)
Type: Complaint		Date on the document: 02/11/2011
U.S. District Court Civil Docket
Type:		Date on the document: 11/11/2011

OTHER DOCUMENTS
Complaint For Violations Of Federal Securities Laws
Case Name and/or Number: Thomas Yuen and Sunmi Ahn, et al. v. BP PLC and Anthony Hyward
Type: Complaint		Date on the document: 06/02/2010
Class Action Complaint - Jury Trial Demanded
Case Name and/or Number: Eugene McClurg, et al. v. BP, PLC, et al.
Type: Complaint		Date on the document: 06/30/2010
Class Action Complaint - Jury Trial Demanded
Case Name and/or Number: The Oklahoma Police Pension & Retirement System, et al. v. BP, PLC, et al.
Type: Complaint		Date on the document: 07/19/2010
U.S. District Court Civil Docket
Case Name and/or Number: Robert Ludlow, et al. v. BP, PLC, et al.
Type: Docket		Date on the document: 11/09/2010

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