Royal Dutch/Shell Group [corporate website] said
Tuesday that it will appeal a decision which allows
a class action lawsuit for stock fraud to continue
against the company. A federal judge ruled Tuesday
that the suit, questioning whether Shell's
statements on its reserves [JURIST report]
purposely misrepresented important facts, adequately
showed reason for further investigation into the
shareholder plaintiffs' allegations. The
US Department of
Justice [official website] has also launched a
criminal investigation, according to the US District
Judge John W. Bissell's Tuesday opinion. This
differs from the department's June 29 statement that
the criminal
investigation was officially ended [JURIST
report]. AP has
more.