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Message
re: River District free to move onto second-round plans
Posted on 4/19/14 at 8:50 am to tgrbaitn08
Posted on 4/19/14 at 8:50 am to tgrbaitn08
quote:
paying back Shell
From the same link above:
quote:
Royal Dutch Shell PLC is waiving all its claims, which exceed $100 million, in exchange for $5 million and protections against future lawsuits. Company founder Michel Moreno will not receive protection from future lawsuits, and any proceeds from lawsuits against him will also be placed in the trust.
The fact that Shell is willing to take 5 mil and protection from future lawsuits on a claim of over 100 mil indicates that the Greenfield situation has a high probability of getting extremely messy.
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