NL: pension fund sues Shell over reserves scandal
A Pension fund giant with 2.5 million members and €168 billion (£115 billion) of assets launched a lawsuit against Royal Dutch Shell, its auditors and some of its directors yesterday. ABP, which looks after the pension funds of Dutch public sector workers and 25 other Dutch pension funds, is seeking hundreds of millions of dollars in compensation over Shell’s exaggerated-reserves scandal.
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