(Bloomberg) -- BP Plc was sued by New York City pension funds for at least $39 million in investment losses based on claims the oil company failed to disclose the risks and safety issues leading to the 2010 Deepwater Horizon disaster in the Gulf of Mexico.

The company misled investors and attempted to minimize the damage and cost to shareholders after the spill began, according to a complaint unsealed yesterday in federal court in Manhattan. The case was originally filed April 17 by pension funds for city workers, teachers, police officers and firefighters.

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