NYC SUES BP-VO - KPLC 7 News, Lake Charles, Louisiana

NYC SUES BP-VO

THE CITY OF NEW YORK IS SUING B-P OVER THE 2010 GULF OIL SPILL..

NEW YORK IS SUING THE OIL COMPANY FOR MORE THAN 39-MILLION DOLLARS FOR LOSSES TO THE CITY'S PENSION FUND.

THE LAWSUIT ALLEGES THAT PENSION BENEFICIARIES LOST MILLIONS DUE TO BP'S QUOTE... "MISCONDUCT AND FRAUDULENT BEHAVIOR."

THE SUIT GOES ON TO SAY THAT B-P MINIMIZED THE MAGNITUDE OF THE SPILL AND THE COMPANY QUOTE... FAILED TO DISCLOSE TO SHAREOWNERS THE SERIOUS RISKS INVOLVED IN ITS OFFSHORE DRILLING OPERATION.

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