Latest Consumer News!

June 18, 2008 4:42:06 PM PDT
A 120 million dollar settlement of a class action lawsuit against Shell Oil Company. This multi-million-dollar settlement is potentially good news for investors all across the country.

It's the settlement of a class-action lawsuit that accused Shell of artificially inflating its numbers.

"Today we are announcing a 120 million dollar agreement with Royal Dutch Shell," said Pennsylvania Attorney General Tom Corbett.

In his lawsuit Corbett accused Shell of misleading investors by overstating oil and natural gas reserves and inflating stock prices.

The class-action lawsuit was filed on behalf of all U-S investors.

"We will not allow Pennsylvania consumers, taxpayers, and retirees to be put at risk in order to pump up profits for oil companies," said Corbett.

The settlement covers investors who purchased Shell shares on U-S markets between April 1999 and March 2004.

How much investors will get back depends on how many people submit claims.

Money will be returned directly to retirement funds.

You can file a claim by clicking on this link: PA ATTORNEY GENERAL WEBSITE
Before you buy a propane tank and take it home inspect it very carefully. Look for any blue or green residue around the valve areas. If you find any residue of that color do NOT buy that tank. The Delaware State Police says that could be a sign the tank has been contaminated with anhydrous ammonia which is corrosive and weakens the structure of the tank. Police blame the problem on manufacturers of the illegal drug methamphetamines commonly known as crank. Police tell us meth manufacturers use propane cylinders to store and use anhydrous ammonia, an ingredient used to make meth. The criminals then return the tanks to stores where the tanks are unknowingly refilled and resold.