A Notice Of Settlement Of Class Action Has Been Announced To All Persons And Entities Who Purchased Or Otherwise Acquired BP Plc's American Depositary Shares ("ADSs") Between April 26, 2010 And May 28, 2010
HOUSTON, Nov. 14, 2016 /PRNewswire/ -- Court-Ordered Legal NoticeThis Notice may affect your legal rights.Please read it carefully. Important Legal Notice authorized by the United States District Court for the Southern District of Texas about a Securities Class Action Settlement If you purchased or acquired American Depositary Shares ("ADSs") of BP p.l.c. ("BP") during the period from April 26, 2010 through and including May 28, 2010, you may be entitled to a payment from a class action settlement.You may be entitled to a CASH payment.In re BP p.l.c. Securities Litigation, Civ. No. 10-md-2185 ( S.D. Tex.)THIS NOTICE ONLY PROVIDES LIMITED INFORMATION ABOUT THE SETTLEMENT . PLEASE VISIT www.bpsecuritieslitigation.com FOR MORE INFORMATION . There is a proposed Settlement of claims against BP, BP America, Inc., and certain of their former officers (collectively, "Defendants"). The proposed Settlement would resolve a lawsuit in which Plaintiffs allege that Defendants misled investors by issuing false and misleading public statements between April 26, 2010 through and including May 28, 2010, inclusive (the "Class Period"), and seeks money damages for violations of the federal securities laws. Defendants deny any wrongdoing. The parties disagree on how much money, if any, could have been won if the case went to trial. If approved by the Court, the Settlement will resolve the case against Defendants and will pay money to eligible Settlement Class Members.