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Shell 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).



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.