ShellNews.net: US Class Action Lawsuit Against Shell Given go-ahead by U.S. District Chief Judge John Bissell
Wednesday 10 August 2005
A securities fraud case against the world’s third-largest oil company, Royal Dutch/Shell Group, has been given permission to proceed by U.S. District Chief Judge John Bissell.
The case stems from a sharp drop in Shell’s stock in 2004, after Shell announced it had overstated its oil reserves, a key measure of an oil company’s wealth and future strength. The securities case was filed in New Jersey because the company has several gasoline distribution terminals in the state. Attorneys for investors who lost millions called the hearing a “monster” in terms of its potential effect.
It isn’t clear how many people were affected by the alleged fraud. However the case is regarded as one of the most significant securities fraud actions because of the size of the multinational and the length of the class period, which is roughly five years. It is being closely watched by regulators and lawyers from around the world.
There was activity in the United States to perpetuate… fraud,” said Stanley Bernstein, the lead attorney. Mr Bernstein cited meetings in Houston about calculating the company’s reserves in Nigeria and Angola. Shell’s group reserves auditor came from Europe to attend at least one of those meetings, he added. And the oil company had a New York office for investor relations. “This was a central location. … The fraud does not have to be masterminded in the United States,” Bernstein said.
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The 152 page Order by Chief Judge John W Bissell
The above article contains extracts from Newark Star-Ledger article published on 14 July 2005.
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.
