A New Orleans pension fund has asked a federal appeals court to reinstate a consolidated shareholder action against BP PLC’s officers and directors. A trial judge had thrown out the case on the ground that it should have been filed in the United Kingdom.
U.S. District Judge Keith Ellison in Houston, who is overseeing all the securities litigation filed over the 2010 Deepwater Horizon oil spill, had dismissed the case on Sept. 15 after concluding that the claims, brought in a derivative action under the U.K. Companies Act of 2006, would be more conveniently litigated in that country than in the United States.
