Page added on August 16, 2006
Senior managers at BP are facing legal action in the US accusing them of breaching their duty to shareholders by allowing equipment at the Prudhoe Bay oil field in Alaska to deteriorate.
A lawsuit filed in New York yesterday on behalf of a private investor claims that senior executives at the company, including the chief executive, Lord Browne of Madingley, failed to carry out essential repairs before the oil field, America’s largest, had to be partially shut down.
The Times
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