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Securities litigation first in Europe.
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- Author(s): S. J.
- Source:
International Financial Law Review. May2007, Vol. 26 Issue 5, p10-10. 1/4p.
- Subject Terms:
- Additional Information
- Subject Terms:
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- Abstract:
The article reports on the announcement of Royal Dutch Shell PLC, a multinational oil company to pay shareholder $450 million in compensation securities in Europe. In this regard, 50 European institutional investors accepted Shell's offer since the country do not have legal legal mecahnism in class action securities claims. However, investors also proposed class wide settlements in Amsterdam Courts of Appeals in the absence of civil lawsuit.
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