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5th Circ. Revives BP Stock Drop Suit, Citing Dudenhoeffer

By Stewart Bishop ( July 15, 2014, 9:18 PM EDT) -- The Fifth Circuit on Tuesday revived an Employee Retirement Income Security Act class action launched by a former employee of a BP PLC unit over stock losses suffered after the Deepwater Horizon disaster, citing the U. S. Supreme Court's ruling that such employers aren't entitled to a "presumption of prudence. ". . .

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