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Royal Dutch Shell still diddling its shareholders

Sir Phillip Watts

By John Donovan

Printed below is a letter received by a UK Shell shareholder from an American Royal Dutch/Shell Transport SEC Distribution Agent advising that a claim submitted in respect of the Royal Dutch Shell reserves fraud settlement is ineligible.  The relevant shareholder is a highly intelligence individual, but has no idea why his claim has been rejected and apparently does not feel it worthwhile to retain a lawyer capable of deciphering the legal language used in the rejection letter.

What a mad world we are in when the person most responsible for the fraud, Sir Phillip Watts KCMG (above), escaped with a severance/pension package of $18.5 million and also managed to retain his title and his Order of St Michael and St George, a British order of chivalry founded in 1818.

It was the negligence of the financial regulators and lack of retribution for greedy corporate crooks like Sir Phillip Watts which got us all into the current financial meltdown.

Sir Phillip walked off with a fortune while those he robbed money from are diddled out of the compensation to which they are legally and morally entitled.

Royal Dutch/Shell Transport SEC Settlement

P.O. Box 6978

Syracuse, NY 13217?6978

Name withheld


February 4, 2009

Claim Number: XXXXXX

Please refer to this Claim Number on all future correspondence.


The Proof of Claim Form you submitted has been found to be ineligible under the terms of the plan to distribute the Royal Dutch/Shell Transport SEC Settlement for the following reason:

No Eligible Loss Amount ? Claimant did not suffer an inflation?adjusted aggregate net loss. Eligible Loss Amount is defined in paragraph 16 of the SEC Settlement Distribution Plan as the aggregate amount of inflation?adjusted loss incurred through the purchase of Eligible Securities during the Settlement Period, less any artificial gain realized from the sale of Eligible Securities during the same period. For more information regarding the calculation of Eligible Loss Amounts, please see the Distribution Plan and its appendices, which are located on our website at

If you believe that you have received this Notice in error, you may contact us toll?free at 866?446?3412.’ If you need further assistance, please refer to the Royal Dutch/Shell Transport SEC Settlement website at


Royal Dutch/Shell Transport SEC Distribution Agent

International toll?free numbers are also available: Belgium 0800?763?49; Canada 866?446?3412; Franc 0800?911?131;Gennan 0800?181?5907; Italy 800?873?777?1 Netherlands 0800?022?8759; Portugal 800863?239; Spain 900?931?3 10; Switzerland 0800?89?0244; and United Kingdom 0808?234?2635. and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

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