MARKET TALK: NY State Retirement Fund Sues BP Over Oil Spill

23rd Jun 2010 16:41

1536 GMT [Dow Jones] The $132.6B NY State Retirement Fund had over 19M BP shares at the time of the oil rig explosion. NYS Comptroller DiNapoli wants to lead a class action suit, has hired lawyers. "BP misled investors about its safety procedures and its ability to respond to events like the ongoing oil spill and we're going to hold it accountable," he says in a statement. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires June 23, 2010 11:41 ET (15:41 GMT)

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