Defendant Name: Royal Dutch Petroleum Company

Defendant Type: Public Company

Document Reference: 2010-67

Document Details

Legal Case Name In the Matter of Royal Dutch Petroleum Company and The "Shell" Transport and Trading Co., p.l.c.
Document Name SEC Announces $113.5 Million Distribution in Royal Dutch Shell Fair Fund
Document Date 30-Apr-2010
Document Format Administrative Proceeding
File Number 3-11595
AAER 2085
Allegation Type Issuer Reporting and Disclosure
Document Summary On April 30, 2010, the SEC announced the start of an approximately $113.5 million Fair Fund distribution resulting from the settlement of a previous SEC enforcement action against Royal Dutch Petroleum Company and The "Shell" Transport and Trading Company, PLC ("Shell"). The Fair Fund was created after Shell agreed to pay penalties and disgorgement to settle SEC charges that Shell misstated its proved oil and gas reserves. The Fair Fund distribution will continue over the next month and ultimately return money to more than 84,000 investors in the U.S. and 56 other countries.

Disgorgement & Penalty Information

Resolutions
Fair Funds
Plan of Distribution

Related Documents:

34-50233 24-Aug-2004 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
According to the SEC: "In a series of announcements between January 9 and May 24, 2004, Shell announced the recategorization of 4.47 billion barrels of oil equivalent ("boe"), or approximately 23%, of the "proved" reserves it reported as of year-end 2002, because they did not comply with the definition of "proved" reserves in Rule 4-10 of Regulation S-X ("Rule 4-10").3 This recategorization reduced the standardized measure of future cash flows reported in Shell's original 2002 Form 20-F as Supplemental Information under Statement of Financial Accounting Standard No. 69 ("FAS 69") by approximately $6.6 billion."

Other Defendants in Action:

The “Shell” Transport and Trading Co.