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NY state pension fund considers suing BP

Yet more pressure will be heaped on the oil giant if New York's retirement scheme decides to pursue litigation for 'negligence and recklessness'

New York state's pension fund is considering suing BP for its management of the well in the Gulf of Mexico that's been spewing oil for the past two months, a spokesman said.

The New York State Common Retirement Fund, with $132.6bn (€106.9n) in assets, owns 17.5 million BP shares through index funds.

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