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Royal Dutch/Shell

Summary of Case:

In March 25, 2004, Scott + Scott filed a class action complaint on behalf of the participants and beneficiaries of the related Royal Dutch Petroleum and Shell Oil companies' collective retirement plans. The lawsuit alleged that plan fiduciaries breached duties and responsibilities by, among other things, failing to investigate the prudence of an investment in Royal Dutch/Shell securities.

In late 2005, after overcoming defendants' motions to dismiss, reviewing over 2 million internal Royal Dutch Shell documents and other evidence, as well as deposing or interviewing defendants, several Royal Dutch Shell retirement plan trustees and other witnesses throughout the globe, including in New York, London and The Hague, Scott + Scott, acting as co-lead counsel, successfully negotiated a $90-million settlement for injured Royal Dutch Shell employees. The settlement is believed to be one of the single largest monetary class-action settlement under the federal Employee Retirement Income Security Act of 1974 (ERISA) in the history of American jurisprudence and represents a recovery of approximately 78% of the employee class's damages.

As a further benefit to Royal Dutch Shell employees, the ERISA litigation and settlement also led to the adoption of specific monitoring and training procedures for the company's retirement plan fiduciaries.

This case has settled. The deadline to file your Claim Form is November 18, 2008. Please visit www.ShellSECSettlement.com for further information.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.

Complaint