BP, p.l.c. Retirement Plans

In July of 2010 we brought a class action lawsuit against BP p.l.c. and administrators of the BP Employee Savings Plan, the BP Capital Accumulation Plan, the BP Partnership Savings Plan, and BP Direct SavePlan (collectively, the “Plans”) on behalf of participants in and beneficiaries of the Plans. The complaint alleges that defendants – plan fiduciaries – breached the obligations to the Plans and their participants by continuing to invest class members’ retirement assets in BP American Depository Shares (“ADS”). In particular, the complaint focuses on defendants’ failure to protect the investments of class members in spite of their knowledge of BP’s serious mismanagement and improper business practices that resulted in catastrophic incidents of international significance including, among others, the BP oil spill in the Gulf of Mexico. Have you lost money as a result of your participation in the any of the BP Plans? Report Your Case.