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%
The Indian parliament has banned the sale of Coke and Pepsi products in its cafeteria. Indian parliamentarians should take the logical next step, and ban the sale of Coke and Pepsi products in the entire country.
The ban came as the result of tests, including those by the Indian government, which found high concentrations of pesticides and insecticides, including lindane, DDT, malathion and chlorpyrifos, in the colas, making them unfit for consumption
The Indian parliament has banned the sale of Coke and Pepsi products in its cafeteria. Indian parliamentarians should take the logical next step, and ban the sale of Coke and Pepsi products in the entire country.
The ban came as the result of tests, including those by the Indian government, which found high concentrations of pesticides and insecticides, including lindane, DDT, malathion and chlorpyrifos, in the colas, making them unfit for consumption
Music giant Bertelsmann may have to pay up to $1bn to two internet businessmen after losing a breach of contract lawsuit.
A California jury awarded the payment to two men who helped put together Bertelsmann’s 1995 merger with web portal AOL Europe.
Bertelsmann later sold half its stake in AOL Europe to Time Warner for $6
ANCHORAGE, Alaska, Dec 15 (Reuters) – An Alaska agency has notified BP Exploration (Alaska) Inc., a unit of BP Plc
LONDON, England — British oil group BP and Russia’s TNK have signed a multibillion-dollar contract to create a joint energy venture, the biggest single foreign investment deal in post-Soviet Russian history.
The agreement, signed Thursday in a joint statement by the companies, will see BP invest a total of $6.15 billion (5
NEW YORK (Reuters) – Citigroup Inc. C.N , the world’s largest financial services company, has fired William Maguire, the top executive in its Citicorp brokerage unit, the New York Times said on Thursday, citing a Citigroup spokesman