One of the knock-on effects from Shells dysfunctionality over their declaration of fictitious hydrocarbon reserves was that they were obliged by the Securities Exchange Commission (SEC) to pay $120million to investors. All investors who bought shares between 8th April 1999 and 17th March 2004 were entitled to a share of the payout. As a (very) small investor I qualified for this in theory anyway.
When the initial wodge of papers arrived from the Settlement Administrators I tried hard to understand them and eventually worked out that I would need to know the precise dates of all purchase and sales of Shell shares over this period. I dont bother to keep such records and all of my purchases were under a staff savings scheme anyway. Not a lot of money in my case so my inclination was not to bother with the claim.
In October 2008 I received from BNP Paribas who administered the Shell share savings a scheme a very helpful and clear letter which, or so I thought, gave me all the information I needed to have in order to progress my claim. So I decided after all that I might as well go ahead with it.
On December 7th the Settlement Administrator wrote to me with a CLAIM DEFICIENCY NOTICE . This said that my claim was deficient because I had not provided them with the Transaction Amount for each transaction. This was NOT TRUE. The BNP Paribas statement which I had given them clearly showed the value of each transaction
In sharing this experience with the wider world I do so for two reasons. First an ordinary shareholder with a modest holding like me would be likely to be intimidated by the original document I certainly was. However if we did persevere, in my case using the good information proved by BNP Paribas, it seems that Shells Settlement Administrators still arent satisfied.
I shant bother to pursue this any more its not worth the hassle. But it is just yet another example of how the small man, be he an impoverished pensioner, a disgruntled motorist or a small shareholder just doesnt count with Shell any more. Sad isnt it?
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.
