GlobeNewsWire
23 Jun 2026, 21:48 UTC · 1h ago
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BP's board removed Chair and Director Albert Manifold with immediate effect due to serious concerns regarding governance standards, oversight, and conduct. — The immediate removal of a board chair for 'unacceptable' conduct suggests severe internal instability and potential systemic governance failures.
-0.60Law firm Pomerantz LLP is investigating BP for potential securities fraud or other unlawful business practices. — Formal legal investigations into securities fraud can lead to costly class-action settlements and increased regulatory scrutiny.
-0.40Which stocks this story touches
The company is facing a securities fraud investigation following the removal of its Chair due to governance and conduct issues.
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The company is the subject of an investigation by Pomerantz LLP on behalf of investors.
The company is the subject of an investigation by Pomerantz LLP on behalf of investors.
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1h ago
