News: Berman Tabacco In The News

A federal judge has given final approval to $294.9 million in settlements with the Bear Stearns Companies, auditor Deloitte & Touche LLP and certain individual defendants to resolve fraud claims stemming from investment losses suffered in the company’s 2008 collapse.

Ohio’s public pension funds are using an innovative tactic to recoup money they lost in the aftermath of the 2010 Gulf of Mexico oil spill, suing BP p.l.c. in state court after a U.S. district court judge ruled that federal law does not cover their foreign stock purchases.

In a victory for investors, BP p.l.c. failed to convince a Texas federal judge to dismiss a class-action lawsuit seeking to recover billions of dollars in investment losses related to the company’s massive 2010 oil spill in the Gulf of Mexico.