Notorious oil group Shell yesterday confirmed it was aware of 15 lawsuits against it in the US
Notorious oil group Shell yesterday confirmed it was aware of 15 class action lawsuits against it in the US.
Shell said that six lawsuits were launched against the company that month on overstating its proven reserves by 3.9 billion barrels in January.
A further six were launched in February, when the US regulator, the Securities and Exchanges Commission, launched a probe into the affair.
Three further lawsuits were announced last month, as Shell?s chairman Sir Philip Watts, and head of exploration and production van de Vijver, were ousted.
A Shell spokesman said yesterday: "We are aware of 15 class action lawsuits which may be pending. They are all in the United States. We know of none in the UK at present."
