The AP (6/23) reported, “A law firm known for shareholder lawsuits on Wednesday said it is investigating whether the agents who ran BP PLC’s employee savings plan violated federal law by buying BP stock. New York-based Milberg LLP, which has sued dozens of companies on behalf of investors in many prominent companies, including scandal-plagued Enron, Worldcom and Tyco, said it is looking into whether the fiduciaries of the BP Employee Savings Plan may have violated the Employee Retirement Income Security Act by buying and holding on to the oil company’s shares ‘when it was imprudent to do so.’”

