Cotchett, Pitre & McCarthy and Domengeaux
Wright Roy & Edwards File Class Action Suit
Against BP, plc and BP America, Inc.
May 21, 2010 01:29 PM Eastern Daylight Time
LAFAYETTE, La.--(EON: Enhanced Online News)--Cotchett, Pitre & McCarthy and Domengeaux Wright Roy &
Edwards today announced that a class action lawsuit has been filed in the United States District Court for the
Western District of Louisiana on behalf of all purchasers of American Depository Receipts (“ADRs”) in BP, plc
(“BP”) (NYSE: BP) between March 4, 2009 and April 20, 2010, inclusive (the “Class Period”).
The Complaint alleges that BP and certain of its officers and directors made false and misleading statements and/or
omissions in violation of Sections 10(b) and 20(a) of the Exchange Act regarding its safety and risk management
practices, including those relating to its extensive operations in the Gulf of Mexico. The Complaint alleges that,
contrary to BP’s assurances to investors, BP disregarded repeated warnings concerning its drilling operations, failed
to implement appropriate safety or risk management practices, rendering it highly exposed in the event of an accident
or other operational failure. The Complaint further alleges that, in the months leading up to the Deepwater Horizon
disaster, BP knew about and failed to correct breaches of safety protocols. The Complaint alleges that BP’s true
practices were revealed on and after April 20, 2010, in the aftermath of the Deepwater Horizon disaster, and that,
as a result, the price of BP ADRs dropped approximately 20% on extremely heavy volume.
If you are a member of the class described above, you may, not later than sixty days from today, May 21, 2010,
move the Court to serve as lead plaintiff of the class. If you wish to discuss this action or have any questions
concerning this notice or your rights or interests with respect to these matters, you may contact Cotchett, Pitre &
McCarthy, 840 Malcolm Road, Suite 200, Burlingame, California 94010 or visit the website a