5th Circuit Denies Petition For Rehearing In BP Securities Class Action Suit

Mealey's (November 10, 2015, 2:31 PM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Oct. 26 denied a motion for rehearing en banc filed by lead plaintiffs in a securities class action lawsuit against BP PLC and several of its current and former officers and directors who are alleged to have misrepresented a number of issues that developed following the Deepwater Horizon explosion and oil spill in violation of federal securities law (Robert Ludlow, et al. v. BP P.L.C, et al., No. 14-20420, 5th Cir.).

(Order available. Document #57-151116-015R.)...
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