WASHINGTON, Nov. 9 – LAWFUEL – The Law News Network – Today, counsel for Walter van de Vijver — the former head of Shell’s Exploration & Production (EP) and member of Shell’s Committee of Managing Directors — received formal notification from
the British Financial Services Authority (FSA) that its investigation of Royal
Dutch/Shell Group’s reserves re-categorization has concluded without any
action against Mr. van de Vijver. Mr. van de Vijver cooperated fully with the
investigation and is pleased with the outcome. The law firms of Akin Gump
Strauss Hauer & Feld LLP and Ashurst represented Mr. van de Vijver in this
matter.
John M. Dowd of Akin Gump, one of the attorneys representing Mr. van de
Vijver, said, “We are delighted for Walter and his family. He has steadfastly
maintained from the beginning that the allegations were without merit. Now a
panel from FSA has confirmed and vindicated his position.”
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