A BP Plc investor has sued the company’s board of directors on claims its pursuit of profits at the expense of safety led to the Gulf of Mexico oil spill that could cost the company billions of dollars.

On April 9, 2010, court-appointed lead counsel Kahn Swick & Foti, LLC and Bernstein Litowitz Berger & Grossmann LLP filed a consolidated class action complaint ("consolidated complaint") on behalf of Lead Plaintiffs in In re STEC, Inc. Securities Litigation, Lead Case No. SACV 09-01304-JVS, in the United States District Court for the Central District of California, Southern Division.

On December 8, 2009, Judge James Ware appointed Kahn Swick & Foti, LLC Co-Lead Counsel in In re Nvidia Corporation Securities Litigation, Case No. 08-CV-4260-JW, currently pending in the United States District Court for the Northern District of California.

Former Louisiana Attorney General Charles C. Foti, Jr. has joined New Orleans law firm Kahn Swick & Foti, LLC ("KSF") as a named partner, the firm announced today. General Foti will continue his work with KSF’ securities and consumer fraud practice groups, including KSF’ institutional client base.