AMSTERDAM, May 29 /PRNewswire/ --
- Binding declaration covers largest securities fraud settlement on record in Europe - Shell to pay foundation representing 150+ institutional investors in nineteen countries stemming from company's prior misstatements of proven oil gas reserves; US law firm Grant Eisenhofer represents international investor group
Officially approving the largest securities fraud settlement ever reached in Europe, a Dutch appeals court has ordered Royal Dutch Shell plc. to begin payment of US$381 million plus interest to a foundation representing a group of institutional investors from 17 European countries, plus Canada and Australia.