ENERGY

Shell Loses Round in Court: The Delaware Supreme Court has ruled that 20,000 former Shell Oil Co. stockholders should be given some $37 million because Shell failed to disclose fully more than $1 billion in oil and gas reserves. The court upheld a November, 1990, ruling by Delaware Vice Chancellor Maurice Hartnett III that Shell owed the former stockholders for failing to disclose the reserves fully during a 1985 merger. The award gives the former Shell stockholders an additional $2 per share for more than 14 million shares they relinquished in the merger deal nearly seven years ago. Plaintiffs’ attorney Ken McNeil calculated the amount of the award at $37 million, including interest from 1989.