Oil giant Royal Dutch/Shell faces a US class action lawsuit that says it "deliberately violated accounting rules" by overestimating its proven reserves.
Law firm Milberg Weiss Bershad Hynes & Lerach said today it had filed the suit against Shell and its senior directors on behalf of shareholders on Friday, January 23rd.
It follows Shell's shock announcement earlier this month that it had overestimated its proven reserves by 20 per cent.