Last week it was announced that Shell shareholders who have suffered financial damages can share an additional USD 120 million that Shell was obliged to pay the Securities and Exchange Commission (‘SEC’) in 2004 by way of penalty for the reserves scandals. This settlement comes on top of the USD 380 ....more

SEC money placed at the disposal of Shell investors 29-07-2008

Following the USD 380 million settlement with Europe-based Shell investors, it has now been announced that Shell shareholders having suffered financial damages may share in an additional USD 120 million. This is the amount that Shell paid the US Securities and Exchange Commission (‘SEC’) by way of a penalty in 2004. ....more

Shell also reaches settlement in the US: VEB pleased 10-03-2008
Last week, it was announced that Shell has also reached a settlement with US investors covering the problems surrounding the 2004 adjustment of the company’s proven oil reserves. The VEB is pleased to learn that the legal conflict can now come to an end in the US as well, with US ....more

Shell reaches a settlement with European investors 11-04-2007

VEB and Euroshareholders support compensation

Royal Dutch Shell plc ("Shell") announced today that a settlement not extending to the United States has been reached covering the problems surrounding the 2004 adjustment of the company’s proven oil reserves. Without making any admission of fault, Shell has agreed to make a payment of ....more