Shell said the provision was in connection with the putative shareholder class actions filed in the United States District Court for the District of New Jersey.
A Shell spokeswoman said the class actions were two separate action filed in the U.S. on behalf of foreign and U.S. shareholders.
In January, Stichting Pensioenfonds ABP and 25 other Dutch public pension funds filed a complaint seeking hundreds of millions of dollars in the U.S. from Shell following the reserves restatments.
A separate consolidated class action had already been filed in 2004, led by Pennsylvania State retirement funds.
Company Web site: http://www.shell.com
By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; [email protected]
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.
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