Reuters: Watchdog lawyer sues Shell over reserves
Fri 25 June, 2004
By Joseph A. Giannone
NEW YORK (Reuters) – The army of lawyers swarming around Royal Dutch/Shell Group, which touched off a collapse in its stock price after it admitted inflating proved reserves, has been joined by a new, veteran member.
Securities lawyer William Lerach, famed for playing a lead role in many of the biggest shareholder class action suits of the past two decades, on Friday filed a shareholder derivative lawsuit against Shell and its top executives in a New Jersey state court.
The suit — on behalf of the UNITE National Retirement Fund and the Plumbers and Pipefitters National Pension Fund — alleges Shell executives failed to uphold their fiduciary duties and therefore violated the new Sarbanes-Oxley U.S. corporate reform law.
A Shell spokeswoman did not immediately respond to calls seeking comment.
Lerach’s suit targets Shell and its executives, seeking unspecified monetary damages. It asks the court to force officers to return bonuses and compensation, based on overstated financial and operating performance, back to the company.
The 172-page suit also urges Shell to consolidate its unique dual-company structure, take steps to increase accountability and give shareholders the right to name three directors. Shell is 60 percent owned by Royal Dutch Petroleum, with the rest held by London’s Shell Trading & Transport.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
