16 May 2007
Class-action lawyers on both sides of the Atlantic can only be encouraged to redouble their efforts, and their potential fees, by the $3 billion settlement with aggrieved shareholders that Tyco has finally agreed. Everyone else should be appalled.
When shareholders sue a company, for instance for issuing misleading information to the stock market, they are in effect suing each other. Unless settlements are covered by insurance, which would be prohibitive at this level, the winners merely extract money from other shareholders who are not party to the action.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
