Shell To Pay $27M To Lawyers In U.S. Reserves Case

Law360, New York (January 24, 2008, 12:00 AM EST) -- Royal Dutch Shell PLC will pay Bernstein Liebhard & Lifshitz LLP, the lead counsel in a class action filed by U.S. shareholders against the oil giant for its 2004 reserves restatements, a $27 million fee for helping work out a settlement agreement.

In a court document filed on Jan. 14, the U.S. District Court for the District of New Jersey agreed to let Shell designate $27 million to give to Bernstein Liebhard as recognition of the firm's efforts “vigorously pursuing through litigation the non-U.S purchasers' claims...
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.