Reese v. BP Exploration (Alaska) Inc.

OPINION

GOULD, Circuit Judge:

BP Exploration (Alaska) Inc. (“BPXA”) appeals the district court’s order granting in part and denying in part BPXA’s motion to dismiss a securities fraud action filed against it by Claude A. Reese (“Reese”) on behalf of a class of purchasers of BP p.l.c. shares. On an interlocutory appeal, which was accepted by our court, BPXA asserts that Reese’s surviving claims do not state a claim, warranting dismissal under Federal Rule of Civil Procedure 12(b)(6), because he has pled neither an actionable misrepresentation made by or attributable to BPXA nor sufficient…