The Anglo-Dutch oil giant said it will pay $90 million to employees who participated in certain employee-saving plans.
This figure includes lawyers' fees, and Shell will pay up to another $1 million to cover other expenses incurred by the plaintiffs' lawyers.
Insurance will cover $25 million out of the total settlement, which is subject to court approval.
"We are hopeful that the court will approve the settlement, which represents an important step toward putting litigation relating to the reserves recategorisations behind us," said Beat Hess, Shell's legal director.
Shell
