Anadarko asks court to throw out Gulf spill lawsuit

04/25/2013 | Bloomberg

U.S. District Court Judge Keith Ellison should dismiss a securities-fraud lawsuit filed by investors against Anadarko Petroleum over the 2010 Gulf of Mexico oil spill, the company said. Investors said they were misinformed about the risks associated with the project before and after the incident. "The plaintiffs are making an attempt to pound a square peg into events that do not constitute securities fraud," said Charles Schwartz, a lawyer representing the company.

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