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Posts on ‘October 21st, 2010’

DOJ, SEC To Announce Panalpina-Related Bribery Settlements

Royal Dutch Shell is expected to pay around $30 million in penalties to settle charges stemming from its use of Panalpina as an agent in Nigeria, the paper reported.

NASDAQ

By Joseph Palazzolo, Of DOW JONES NEWSLETTERS

The Justice Department and the Securities and Exchange Commission are close to announcing settlements in several foreign-bribery cases linked to Swiss logistics company Panalpina Group, with civil and criminal penalties likely reaching hundreds of millions of dollars, people familiar with the matter said.

The Wall Street Journal reported on Friday that Panalpina and one of its customers, Royal Dutch Shell PLC (RDSA, RDSA.LN), were on the brink of settling the three-year-old probe. Investigators have been looking at whether the logistics company paid officials in Nigeria and other countries to gain customs clearance and permits for a raft of oilfield services companies. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

3 environmental groups sue BP over gulf oil spill

latimes.com

The suit alleges that the Deepwater Horizon rig disaster caused an oil spill that harmed and killed both endangered and threatened species, which may continue to feel the effects long after the cleanup.

By Richard Fausset, Los Angeles Times October 21, 2010

Reporting from Atlanta —

Three environmental advocacy groups sued BP on Wednesday, alleging the company’s Gulf of Mexico oil spill harmed and killed both endangered and threatened species — one of hundreds of civil suits the oil giant will probably be fighting for years.

The suit, brought by the nonprofit groups Defenders of Wildlife, Gulf Restoration Network and the Save the Manatee Club, says that the April 20 Deepwater Horizon rig blowout and the resulting oil spill “have caused and will continue to cause the take of endangered and threatened species,” including whales, manatees, birds and sea turtles that “show no avoidance response to oil slicks.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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