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About POGO's Federal Contractor Misconduct Database (FCMD)

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 (Securities Litigation)

Date: 02/14/2011 (Date of Complaint)

Misconduct Type: Securities

Enforcement Agency: Non-Governmental

Contracting Party: None

Court Type: Civil

Amount: $0

Disposition: Pending

Synopsis: A class of pension plans and investors around the country filed a lawsuit alleging that the BP misled investors about the company’s capacity to prevent and manage the 2010 Deepwater Horizon oil rig explosion and oil spill in the Gulf of Mexico, causing a sharp decline in BP’s share price and tremendous financial losses to shareholders.