Grant & Eisenhofer (G&E) represent European investors in $450 million class action settlement with Royal Dutch Shell

G&E represents ABP, PGGM, Morleys, F&C, AXA, Railpen, USS, Deka and several other European institutional investors in the recently announced Pan-European class action settlement with Royal Dutch Shell. The settlement relates to Shell's misrepresentations concerning its "proved" oil and gas reserves between 1999 and early 2004. The settlement was reached after several months of negotiations. It includes $352.6 million in cash paid from Shell and an expected payment to non-U.S. shareholders of an additional $96 million out of a $120 million fine Shell paid to the U.S. Securities and Exchange Commission.
www.gelaw.com/shell/background.cfm or contact Roy Jones for more information.

Published in sections: Eurosif ::