Dutch Court Approves Shell’s $381M Deal To Investors

Law360, New York (May 29, 2009, 12:00 AM EDT) -- Signing off on the biggest securities fraud settlement ever struck in Europe, an Amsterdam appeals court has ordered Royal Dutch Shell PLC to begin payment of $381 million to a foundation representing more than 150 non-U.S. institutional investors to resolve a dispute over the company’s inflation of its oil and gas reserves.

The Amsterdam Court of Appeals on Friday declared the settlement agreement was binding and directed the company to start making the funds available to shareholders from 17 European countries, Canada and Australia who bought...
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