Five are charged in case involving CAO Singapore

Article Abstract:

China Aviation Oil (Singapore) Corp. of Singapore is being investigated by Singapore regulators for an array of crimes that hinge on a derivatives trade scandal that broke last year leaving the state owned jet-fuel trader with $500 million in losses. Five top executives are on trial, including Chen Jiulin the suspended Chief Executive Officer and Jia Changbin the Chairman.

Singapore, Executive changes & profiles, Officials and employees, Economic aspects, Jiulin, Chen, Changbin, Jia

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Shell settles European Case - U.S. style

Article Abstract:

Royal Dutch-Shell has agreed to pay $47 mil in US attorney fees in a securities fraud settlement with European shareholders totaling $352.6 mil. Paying the fees for t he American attorneys, who represented the shareholders, represents a significant entry of American litigation to Europe.

Comment:

Royal Dutch-Shell has agreed to pay $47 mil in US attorney fees in a securities fraud settlement with European shareholders totaling $352.6 mil.

United States, Financial management, Management dynamics, Stockholder Suits, Management, Finance, Attorneys, Lawyers' fees, Investor relations, Company business management, Stockholders' derivative actions, Shareholder lawsuits, Company financing

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Shell to pay $151 million in fines to resolve reserves inquiries

Article Abstract:

Royal Dutch/Shell Group agreed to pay fines of $151 million to settle accusations that it mis stated its oil and gas reserves. Shell had downgraded its reserves by 23% or 4.47 billion barrels.

Netherlands

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