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$1bn Lawsuit

Date Class
27th Jan 2004 Other Issue
 
Details
Shell could be facing a $1bn damages bill after it admitted overestimating oil reserves, according to a US lawyer.
Robert Schulman, who is launching a legal action on behalf of Shell investors, has told the BBC he thinks they have a "very good case".

The oil giant admitted earlier this month that it had overstated its proven reserves by 20%.


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