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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
BP P.L.C.
April 2010 Gulf of Mexico Oil Spill Shareholder Lawsuit
Date: 05/07/2010 (Date of Filing)
Misconduct Type: Securities
Enforcement Agency: Non-Governmental
Contracting Party: None
Court Type: Civil
Amount: $0
Disposition: Pending
Synopsis: BP shareholder Katherine Firpo filed a lawsuit on behalf of all BP shareholders against the company’s board of directors over the April 2010 Gulf of Mexico oil spill. The lawsuit claims BP’s chief executive officer and other directors failed to improve safety practices as promised by a settlement in an earlier shareholder lawsuit. The lawsuit seeks unspecified monetary damages and asks that shareholders appoint three new directors and that BP create an independent board to monitor the company’s environmental and litigation exposure.
Document(s):
- 1. Complaint
