BENSALEM, Pa., June 4, 2008 (PRIME NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating claims against BP p.l.c. ("BP" or the "Company")(NYSE:BP) concerning whether the BP post-retirement benefit plans (the "Plans") imprudently invested in BP stock and whether the Plans' administrators breached their fiduciary duties to the Plans' participants in violation of the Employee Retirement Income Security Act of 1974.
The investigation concerns whether BP and other administrators of the Plans failed to prudently and loyally manage the Plans' investments in BP p.l.c. stock by continuing to offer Company stock when the stock was no longer a prudent investment for participants' retirement savings.
If you are a current or former employee who participated in, or continues to participate in, a BP post-retirement benefit plan and have information or would like to learn more about these claims, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, or by email to howardsmithlaw@hotmail.com.
If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, by email to howardsmithlaw@hotmail.com.