Lead Counsel in the securities class action against Royal Dutch/Shell Transport arising from the recategorisation of Royal Dutch/Shell Transport’s proved reserves of oil and natural gas in 2004, have advised us that the United States District Court for the District of New Jersey recently ruled that non-U.S. purchasers of Royal Dutch/Shell Transport’s securities may enforce their rights under the U.S. securities laws and sue for the losses sustained when Royal Dutch/Shell Transport’s securities dropped in value upon disclosure of the recategorisation.
The Royal Dutch/Shell Transport class action seeks to recover damages on behalf of all investors worldwide, no matter where they bought shares. However, the Court has set a 1 March 2006 deadline for a non-U.S. purchaser of RDS securities to seek to serve as a representative of all non-U.S. purchasers to help pursue the claims in the action. The lawyers pursuing the case are working entirely on a contingent fee basis.
Any non-U.S. persons who purchased or acquired securities of Royal Dutch/Shell Transport on any non-U.S. exchange between 8 April 1999 and 18 March 2004 may pursue their claims for damages and seek to represent the class of all similar investors.
If you are a non-U.S. citizen who purchased Royal Dutch/Shell Transport securities on any non-U.S. exchange and want information about your rights in the action, you may contact Lead Counsel for the investors: Michael Bigin, Esq. at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, by phone at 001-212-779-1414, or by email at [email protected].
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