Dutch pension funds sue Shell over reserves

01/16/2006
A group of 26 Dutch pension funds, led by Stichting Pensioenfonds ABP, filed a shareholder securities fraud suit against Royal Dutch Shell PLC seeking “hundreds of millions of dollars” in damages for what it calls improper accounting for oil and gas reserves during 1997-2003.The company reclassified reserves five times in a little over a year (OGJ Online, Feb. 4, 2005).Grant & Eisenhofer PA, a law firm based in Wilmington, Del., and New York representing the pension funds, filed the lawsuit Jan. 6 in US District Court in Newark, NJ. The suit names several current and former Shell senior executives, including Chairman Jeroen van der Veer and former Chief Executive Officer P...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected