In re BP Prudhoe Bay Royalty Trust Securities LitigationNovember 11, 2009
In re BP Prudhoe Bay Royalty Trust Sec. Litig., No. 06-1505 MJP (W.D. Wash.) -- Zwerling Schachter was sole Lead Counsel in the certified class action in which BP Prudhoe Bay Royalty Trust Unit holders alleged violations of the Securities Exchange Act of 1934 in connection with statements made by BP p.l.c. following an oil spill at its oil field located in Prudhoe Bay, Alaska. Zwerling Schachter achieved a settlement of $43.25 million. Class members who filed claims in the action received 100% of their recognized losses, as well as statutory interest.