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Posts on ‘May 11th, 2012’

Newark Star-Ledger: Judge to choose lead plaintiffs in Shell oil reserve fraud case

FROM OUR ARCHIVES…

“This is a fraud that was orchestrated apparently at the highest levels of the company, extending over many, many years, and executed knowing that this is defrauding the public.”

Newark Star-Ledger: Judge to choose lead plaintiffs in Shell oil reserve fraud case

BY KATE COSCARELLI

Star-Ledger Staff

Wednesday, May 12, 2004

A federal judge in Newark is expected to issue the first significant ruling in a securities fraud complaint against Royal Dutch/Shell Group in what is being regarded as one of the largest cases of its kind.

In the coming days, U.S. District Chief Judge John W. Bissell will issue a decision assigning the lead plaintiffs and lawyers in the case.

For lead plaintiffs, the judge indicated at a hearing last week that he would pick the Pennsylvania state employees retirement system and teachers retirement system, which lost about $70 million in investments in Shell stock when it plummeted earlier this year.
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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

ROYAL DUTCH SHELL DIRECT CONNECTION WITH BO XILAI

I have evidence that Royal Dutch Shell had direct business dealings with the now disgraced Chinese leader Bo Xilai at the heart of the scandal.

By John Donovan

Printed below is a self-explanatory email I sent earlier today to Mr. Michiel Brandjes, Company Secretary & General Counsel Corporate, Royal Dutch Shell Plc.

Since there has been no response, I have published the email at 3pm UK time. 

I would like readers to be aware that Shell has on many previous occasions taken up our invitation to provide a comment to be published with an article.

Furthermore, we have previously agreed not to publish an article at the request of Mr Brandjes. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell welcomes Qatar as a ‘major’ investor

LONDON | Fri May 11, 2012 5:11am EDT

(Reuters) – Royal Dutch Shell (RDSa.L) said it welcomed Qatar as a “major” investor following a report saying that the Gulf state’s sovereign wealth fund was planning to buy a 3-5 percent stake.

“We are delighted to welcome the Qatar Investment Authority as a long term and major shareholder in Shell, and particularly given our excellent strategic relationship with the Qatari state,” a spokeswoman said in a statement.

(Reporting by Tom Bergin) read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell units shed $495m after huge refinery writedown

ROYAL Dutch Shell has reported a $495 million full-year loss on its Australian refining and marketing business after being hit by higher costs, a higher Australian dollar and a $638m writedown of its Geelong refinery.

But the oil major’s petroleum exploration and production division, centred on its stake in the Woodside-operated North West Shelf LNG project in Western Australia, offset the loss with a $US845m profit.

The writedown and earnings results were revealed in the 2011 reports of Shell’s two main Australian subsidiaries, which were filed with the Australian Securities and Investments Commission in recent weeks. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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