EMAIL FROM BERNSTEIN LIEBHARD & LIFSHITZ LLP: LEAD PLAINTIFF LAWYERS IN MULTIBILLION DOLLAR CLASS ACTION LAW SUIT ON BEHALF OF THE PENNSYLVANIA STATE PENSION FUND AGAINST THE ROYAL DUTCH SHELL GROUP, NAMED CURRENT AND FORMER SHELL DIRECTORS AND SHELL AUDITORS: CIVIL ACTION 04431 IN THE US DISTRICT COURT OF NEW JERSEY
Bernstein Liebhard & Lifshitz
LAW SUIT ON BEHALF OF THE PENNSYLVANIA STATE PENSION FUND AGAINST ROYAL DUTCH SHELL
Watchdog lawyer sues Shell, execs over reserves
Economic Times: Watchdog lawyer sues Shell, execs over reserves
Posted 27 June 04
NEW YORK: The army of lawyers swarming around Royal Dutch/Shell Group, which touched off a collapse in its stock price after it admitted inflating proved reserves, has just been joined by a well-known veteran.
Securities lawyer William Lerach, a lead player in many of the biggest shareholder class action suits of the past two decades, on Friday filed a shareholder derivative lawsuit against Shell and its executives in a New Jersey state court.
The suit on behalf of the UNITE National Retirement Fund and the Plumbers and Pipefitters National Pension Fund — alleges Shell directors and auditors failed to properly monitor company management, which ran afoul of new Sarbanes-Oxley corporate reform rules in the United States.