Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, April 12, 2007

Royal Dutch Shell Settles European Investors' Claims, Pays US Attorneys

In what may be the first pan-European settlement of a securities fraud case, Royal Dutch Shell agreed to pay $352.6 million to settle all claims brought by European investors, as well as $47 million in attorneys fees to three American law firms.  A separate case involving U.S. investors is proceeding in federal district court.  The charges in both cases relate to alleged overstating of hydrocarbon reserves from 1999-2004.  See Shell Settles European Case -- U.S. Style.

http://lawprofessors.typepad.com/securities/2007/04/royal_dutch_she.html

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