BP, Shell, Statoil Face U.S. Lawsuit After EU Oil Price Probe
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The three oil producers under investigation by the European Commission for manipulating oil prices are being sued in a class-action lawsuit in the U.S.
BP Plc, Royal Dutch Shell Plc and Statoil ASA “deliberately reported inaccurate, misleading and false information regarding Brent crude oil prices to Platts,” Prime International Trading Ltd., said in a complaint filed May 22 in federal court in New York.