TNK-BP Managers Pull CEO Lawsuit

A group of Russian managers at TNK-BP on Thursday withdrew a lawsuit against chief executive Robert Dudley that accused him of violating labor rights, the employees' lawyer said.

"Since TNK-BP's shareholders have decided to have Robert Dudley step down on Dec. 1, my clients withdrew the complaint being considered by ... Moscow's Presnensky District Court," said Sergei Akhundzyanov, Prime-Tass news agency reported.

He added that TNK-BP and its Russian managers had amicably settled their differences out of court.

In July, a group of employees accused Dudley of running the joint venture on an invalid contract and discriminating against locally hired staff in favor of foreign workers. At the time, Dudley called the suit a "cynical exercise" to step up attacks against him by AAR, a consortium of Russian billionaires who own half of the 50-50 joint venture with BP.