Shareholders must sue BP under British law, judge rules

Steve Korris Sep. 20, 2011, 3:00am

HOUSTON - Shareholders who sued BP directors in American courts under British law must pursue their claims in London, U.S. District Judge Keith Ellison ruled on Sept. 15.

He dismissed suits that shareholders filed on behalf of BP after the Deepwater Horizon explosion, deciding they belonged at the English High Court.

"At base, this case seeks to resolve questions surrounding the appropriate internal governance of an English company," he wrote.

"In such situations, courts have found that the country of incorporation has the greatest interest," he wrote.

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