Ex-Shell Boss Asks Appeals Court To Subpoena SEC

Law360, New York (November 28, 2006, 12:00 AM EST) -- A three-judge panel decided on Monday to hear oral arguments from ex-Royal Dutch Shell PLC chairman Philip Watts and the Securities and Exchange Commission in a case that may have broad implications as to whether the SEC decision making process should be shielded from subpoenas.

Watts was involved in an oil reserves scandal that dates back to the late 90s, when former Shell chairman Mark Moody-Stuart cut down on exploration and production, and outsourced much of the drilling to oilfield contractors. Shell found itself pumping and...
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