A shareholder derivative lawsuit was filed in a New Jersey state court on Friday by two pension funds that accuse Royal Dutch/Shell Group, former and current executives and auditors PricewaterhouseCoopers and KPMG of failing to properly monitor company management.
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Shareholder Cases Regarding AEP’s Gas Trading Dropped
American Electric Power (AEP) reported Monday that two separate shareholder derivative cases against the company and individual members of its board of directors were dismissed Nov. 5. The cases charged that the defendants failed to maintain adequate internal controls over their natural gas trading operations.
November 9, 2004
Shareholder Cases Regarding AEP’s Gas Trading Dropped
American Electric Power (AEP) reported Monday that two separate shareholder derivative cases against the company and individual members of its board of directors were dismissed Nov. 5. The cases charged that the defendants failed to maintain adequate internal controls over their natural gas trading operations.
November 9, 2004
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