UK - The Lothian Pension Fund has become one of the lead plaintiffs in a class action lawsuit accusing BP of destroying shareholder value.
The pension fund for Edinburgh Council employees and its co-plaintiffs said BP had failed to maintain pipelines which led to an oil spill in Alaska in 2006. They claimed this was due to cost cut...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
