BP Suits Top 300 on Claims by Workers, Mall, Sheriff
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BP Plc faces more than 300 lawsuits seeking billions of dollars in potential claims as damage from the worst oil spill in U.S. history ripples through the nation’s Gulf Coast economy.
A regional shopping mall in southern Louisiana sued July 12 in New Orleans federal court over the loss of customers, a parish sheriff filed suit there July 9 to recover lost business tax revenue, and growing numbers of BP employees and investors lodged claims over alleged corporate mismanagement that caused BP’s share price to fall by half. The complaints surpassed 300 yesterday, according to court records compiled by Bloomberg.