These excerpts taken from the BP CORRESP filed Apr 15, 2009.
Legal Proceedings, page 89
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BP acknowledges that it is responsible for the accuracy of the disclosure in its Form 20-F, that Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to BP’s Form 20-F, and that BP may not assert Staff comments as a defense in any proceedings initiated by the Commission or any person under the federal securities laws of the United States.
Very truly yours,
/s/ B.E. Grote
cc: K. Campbell (Sullivan & Cromwell LLP)