NEW YORK, June 8 (Reuters) - A civil lawsuit against giant oil producer Royal Dutch Shell RDSa.L over the executions of protesters in Nigeria in the 1990s will be settled for $15.5 million, a lawyer for the families of those executed said on Monday.
The settlement agreement comes as the more than decade-long dispute was due to go to trial in U.S. District Court in Manhattan, said Paul Hoffman, a lawyer for the plaintiffs.
A formal announcement is expected later in the day.
The lawsuit accused Shell of human rights abuses, including violations connected with the 1995 hangings of prominent activist Ken Saro-Wiwa and eight other protesters by Nigeria’s then-military government.
Under the proposed settlement, Royal Dutch Shell will not admit or deny any wrongdoing, Hoffman said. (Reporting by Edith Honan; Editing by Phil Berlowitz)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.