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DOJ: No prosecution of Shell Oil for reserves overstatement

[JURIST] The US Justice Department has officially ended its probe into Royal Dutch/Shell Group [corporate website], announcing on Wednesday that it will not prosecute the company for overstating gas and oil reserves [JURIST report]. Shell had previously settled civil investigations [JURIST report] by both the US and UK governments, and accepted the resignation of its chief financial officer [JURIST report]. Shell said it "appreciates" [press release] the decision. AP has more.

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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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