The Guardian (UK): Shell pays staff $90m in legal case
“British oil group Shell has settled a legal action by some of its US employees, who were furious about the overstatement of its oil and gas reserves, for $90m (pounds 51m).
Thursday 13 July 2005
British oil group Shell has settled a legal action by some of its US employees, who were furious about the overstatement of its oil and gas reserves, for $90m (pounds 51m).
The American staff had Shell shares in their pension funds. Other shareholders are suing the company and separate talks to settle that action are continuing.
In the deal struck with employees’ lawyers, Shell will pay up to $1m for costs. The company has also agreed new rules for staff who are charged with looking after their pension funds, dealing with the way they are monitored and trained.
Shell’s insurers will pick up $25m of the bill.
A Shell spokesman said it has 22,000 US employees but it could not say how many took part in the legal action.
The reserves scandal led to a number of writs in the US and regulatory inquiries. Shell paid UK financial regulators a pounds 17m fine and US regulators $120m. An inquiry by the Dutch financial regulator is continuing. – Heather Tomlinson
http://www.guardian.co.uk/business/story/0,,1527098,00.html
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.
