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Dow Jones Newswires: Shell Books $500 Million Charge On Yet-To-Settle Class Actions-2

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]

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