Sakhalin, Russia - The fate of the worlds few remaining Western Grey Whales now rests on the outcome of appeals to Russian authorities and courts following the refusal of an oil consortium to consider alternatives to a proposal to lay an oil pipeline through a shallow lagoon crucial to the whales food supplies.
October 10th, 2008:
Trouble in the pipeline for Grey Whales
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Bernstein Liebhard & Lifshitz, LLP Announces Final Approval of Royal Dutch Shell Securities Class Action Settlement
Fri Oct 10, 8:00 AM ET
New York, New York (PRWEB) October 10, 2008 — Bernstein Liebhard & Lifshitz, LLP (“Bernstein Liebhard”) announced that on September 26, 2008, Judge Joel A. Pisano gave final approval to a U.S. settlement with a minimum cash value of $130 million in In re Royal Dutch/Shell Transport Securities Litigation, No. 04-374 (D.N.J.) (the “Action”). This settlement is in addition to a $350 million European settlement on behalf of a class of non-U.S. purchasers of Shell securities on non-U.S. exchanges (the “Non-U.S. Purchasers”), which the court-appointed lead plaintiffs and Bernstein Liebhard were, in the words of Judge Pisano, a “substantial factor” in bringing about.
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