BP faces Deepwater Horizon lawsuit

Pension funds from London borough councils and even Shell are among a new group of shareholders suing BP in Texas over the Deepwater Horizon accident.
The lawsuit, which could potentially be extremely costly for the oil group, follows recent US court rulings opening the way to challenges from those who bought financial stakes in BP outside the country.
The US courts are famously generous in their financial awards compared with their British counterparts. In the past only investors who bought their BP stakes on the New York stock exchange or other US markets could file for compensation payments.