BP (NYSE:BP): Closing price $44.20
BP faces new lawsuits in California, as Alameda County District Attorney Nancy O’Malley alleges that officials of the firm’s units, including Atlntic Richfield, instructed some gas stations in that state to place leak detection sensors so they could not detect leaks at the earliest possible opportunity. Also, lawsuits have been brought by the California Attorney General’s office and seven county district attorneys regarding claims that the BP units violated environmental laws by failing to inspect and maintain underground storage tanks at 780 gas stations in the state.
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