We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.