Egleston Law Firm
The Egleston Law Firm Announces Filing Deadline for Investors in BP p.l.c.
Egleston Law Firm / 15.06.2010 09:00 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NEW YORK, June 15, 2010 (GLOBE NEWSWIRE) -- The Egleston Law Firm today announced that a class action has been commenced in the United States District Court, Central District of California, on behalf of purchasers of BP p.l.c. ('BP' or the 'Company') (LSE:BP) securities between April 16, 2009 and May 21, 2010 (the 'Class Period'), seeking to pursue remedies under the Securities Exchange Act of 1934 (the 'Exchange Act'). The Complaint alleges that defendants made false and misleading statements and omitted to disclose material information during the Class Period concerning the facts that BP (i) was ill equipped to deal with a catastrophe; (ii) had not taken the necessary precautions to prevent such a disaster from occurring, such as the installation of a backup blowout prevention valve on the sea floor; (iii) had not prepared an exploration plan which adequately analyzed the project's oil spill risks; and (iv) had not undertaken a risk assessment to determine whether, if such a catastrophe occurred, BP would be operationally able to contend with an oil spill or financially able to be responsible. If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from May 21, 2010. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Gregory M. Egleston of the Egleston Law Firm at (646) 227-1700, or via e-mail at egleston@gme-law.com or greg.egleston@gmail.com. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. CONTACT: Egleston Law Firm (646) 227-1700 News Source: NASDAQ OMX 15.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Egleston Law Firm US Phone: Fax: E-mail: Internet: ISIN: US9901245624 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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