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FORUM « Judge Sarokin on med-mal | NJ Verdict Demonstrates Absurdity of Punitives » April 19, 2007Shell settlement hailed as Europe-wide class action The oil giant agreed to pay roughly $400 million to investors, and U.S. securities plaintiffs' lawyers are crowing that it's a breakthrough for their mighty efforts to open up the virgin soil of Europe for U.S.-style class actions. More: W$J ("'It's the first pan-European settlement of a securities-fraud case that I'm aware of,' said Jay Eisenhofer of Delaware-based Grant & Eisenhofer P.A., the lead law firm representing the European investors."), Roberts, Best in Class. More: Werner Kranenburg has begun what he promises will be a series of posts on the settlement (first, second). Posted by Walter Olson at 12:21 AM | TrackBack (0) |
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Published by the Manhattan Institute
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