Royal Dutch Shell Plc  .com Rotating Header Image

Shell Units Argue Market-Rigging Claims Lack Jurisdiction

Screen Shot 2016-07-22 at 08.26.21

Screen Shot 2016-07-25 at 09.05.53

Screen Shot 2016-07-08 at 14.36.15By Cara Bayles

Law360, San Francisco (July 22, 2016, 8:48 PM ET) 

Two Royal Dutch Shell PLC affiliates on Thursday tried to escape allegations of European market manipulation from a proposed class of crude oil derivatives traders, arguing in New York federal court that U.S. courts don’t have jurisdiction over conduct by Shell’s international arm in foreign markets.

The reply in support of the affiliates’ motion to dismiss said the traders were trying to “manufacture claims and jurisdiction where neither exists” by blurring the distinction between two “sister subsidiaries” — Shell’s U.S. arm, Shell Trading US Co., or…

ACCESS TO FULL ARTICLE (SUBJECT TO REGISTRATION)

Comments are closed.

%d bloggers like this: