Videotaped Deposition of Former Royal
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file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 1 of 390 0001 1 2 IN THE UNITED STATES DISTRICT COURT 3 DISTRICT OF NEW JERSEY 4 Civ. No. 04-3749 (JAP) 5 (Consolidated Cases) 6 Hon. Joel A. Pisano 7 - - - - - - - - - - - - - - + 8 IN RE ROYAL DUTCH/SHELL | 9 TRANSPORT SECURITIES | 10 LITIGATION | 11 - - - - - - - - - - - - - - + 12 13 14 Videotaped Deposition of Walter van de Vijver 15 Washington, D.C. 16 Wednesday, January 31st, 2007 17 9:39 a.m. 18 19 20 21 22 23 Job No. 22-94056 24 Pages 1 - 217, Volume I 25 Reported by: Laurie Bangart-Smith 0002 1 2 Videotaped Deposition of 3 WALTER VAN DE VIJVER 4 5 6 Held at the offices of: 7 LEBOEUF, LAMB, GREENE & MACRAE, LLP 1875 Connecticut Avenue, N.W. 8 Suite 1200 Washington, D.C. 20009 file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt (1 of 132)9/18/2007 3:54:29 PM file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 2 of 390 9 (202)986-8000 10 11 12 13 14 15 16 17 18 19 Taken pursuant to the Federal Rules of 20 Civil Procedure, by notice, before Laurie 21 Bangart-Smith, Registered Professional Reporter 22 and Notary Public in and for the District of 23 Columbia. 24 25 0003 1 2 A P P E A R A N C E S 3 ON BEHALF OF LEAD PLAINTIFF IN THE CLASS: 4 JEFFREY HABER, ESQUIRE 5 ALLEN HOBBS, ESQUIRE 6 BERNSTEIN, LIEBHARD & LIFSHITZ, LLP 7 10 East 40th Street 8 New York, New York 10016 9 Telephone: (212)779-1414 10 ON BEHALF OF ROYAL DUTCH/SHELL AND THE WITNESS: 11 RALPH C. FERRARA, ESQUIRE 12 LEBOEUF, LAMB, GREENE & MACRAE, LLP 13 1875 Connecticut Avenue, Northwest 14 Suite 1200 15 Washington, D.C. 20009 16 Telephone: (202)986-8000 17 ON BEHALF OF PRICEWATERHOUSECOOPERS: 18 DEREK ADLER, ESQUIRE 19 HUGHES, HUBBARD & REED, LLP 20 One Battery Park Plaza 21 New York, New York 10004-1482 22 Telephone: (212)837-6086 23 24 25 file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt (2 of 132)9/18/2007 3:54:29 PM file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 3 of 390 0004 1 2 (Appearances continued) 3 ON BEHALF OF SIR PHILIP WATTS: 4 JOSEPH I. GOLDSTEIN, ESQUIRE 5 ADRIAEN MORSE, ESQUIRE 6 AVRIKI MAZARAKIS, ESQUIRE 7 MAYER, BROWN, ROWE & MAW, LLP 8 1909 K Street, Northwest 9 Washington, D.C. 20006-1101 10 Telephone: (202)263-3000 11 ON BEHALF OF KPMG ACCOUNTANTS N.V.: 12 NICHOLAS W.C. CORSON, ESQUIRE 13 HOGAN & HARTSON, LLP 14 875 Third Avenue 15 New York, New York 10022 16 Telephone: (212)918-3000 17 ON BEHALF OF JUDITH BOYNTON: 18 REBECCA E. WICKHEM, ESQUIRE 19 NANCY J. SENNETT, ESQUIRE 20 FOLEY & LARDNER, LLP 21 777 East Wisconsin Avenue 22 Milwaukee, Wisconsin 53202-5306 23 Telephone: (414)297-5681 24 25 0005 1 2 (Appearances continued) 3 ALSO ON BEHALF OF ROYAL DUTCH/SHELL AND THE 4 WITNESS: 5 EARL D. WEED, ESQUIRE 6 SENIOR LITIGATION COUNSEL 7 SHELL OIL COMPANY, Litigation Dept. 8 910 Louisiana, OSP 4836 9 Houston, Texas 77001 10 Telephone: (713)241-5195 11 ALSO ON BEHALF OF SHELL AND THE WITNESS: 12 JONATHAN R. TUTTLE, ESQUIRE 13 DAVID C. WARE, ESQUIRE 14 DEBEVOISE & PLIMPTON, LLP 15 555 13th Street, Northwest 16 Washington, D.C. 20004 file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt (3 of 132)9/18/2007 3:54:29 PM file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 4 of 390 17 Telephone: (202)383-8000 18 ON BEHALF OF OPTED-OUT PLAINTIFFS: 19 CHRISTINE MACKINTOSH, ESQUIRE 20 GRANT & EISENHOFER 21 1201 N. Market 22 Wilmington, Delaware 19801 23 Telephone: (302)622-7081 24 25 0006 1 2 (Appearances continued) 3 ON BEHALF OF THE WITNESS: 4 JOHN M. DOWD, ESQUIRE 5 JEFFREY M. KING, ESQUIRE 6 ROBERT H. HOTZ, JR., ESQUIRE 7 CHRISTOPHER SCHULTEN, ESQUIRE 8 AKIN, GUMP, STRAUSS, HAUER & FELD 9 590 Madison Avenue 10 11 12 Also present: 13 Steve Peitler, Investigator 14 Cali Day, Videographer 15 16 17 18 19 20 21 22 23 24 25 0007 1 2 EXAMINATION INDEX 3 PAGE 4 EXAMINATION BY MR. HABER . 10 5 6 7 file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt (4 of 132)9/18/2007 3:54:29 PM file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 5 of 390 8 9 E X H I B I T S 10 (Attached to the Transcript) 11 DEPOSITION EXHIBIT PAGE 12 No. 1 Letter from van de Vijver, 3/22/04 75 13 No. 2 E-mail string 87 14 No. 3 E-mail from Bell, 8/5/01 113 15 No. 4 E-mail string 122 16 No. 5 Letter to van de Vijver, 9/10/01 139 17 No. 6 Letter from van de Vijver, 10/1/01 142 18 No. 7 E-mail string 173 19 No. 8 E-mail string 193 20 21 22 23 24 25 0008 1 WALTER VAN DE VIJVER, January 31, 2007 2 P R O C E E D I N G S 3 THE VIDEOGRAPHER: Here begins Tape 4 Number 1 in the deposition of Walter van de 5 Vijver, in the matter of Royal Dutch/Shell 6 Transport Securities Litigation, in the United 7 States District Court, District of New Jersey, 8 Case Number 04-3749. Today's date is 9 January 31st, 2007. The time is 9:39 a.m. 10 The video operator today is Cali Day of 11 LegaLink New York. This deposition is taking 12 place at Akin Gump, 1333 New Hampshire Avenue, 13 Northwest, Washington, D.C. 14 Would counsel please identify themselves 15 and state whom they represent. 16 MR. HABER: Jeffrey Haber from 17 Bernstein, Liebhard & Lifshitz, on behalf of lead 18 plaintiff, Peter M. Wood in the class. Also with 19 me is my colleague, Allen Hobbs, also from 20 Bernstein, Liebhard & Lifshitz. 21 MS. MACKINTOSH: Christine Mackintosh 22 from Grant & Eisenhofer on behalf of the opt-out 23 plaintiffs. 24 MR. GOLDSTEIN: Joseph Goldstein from file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt (5 of 132)9/18/2007 3:54:29 PM file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 6 of 390 25 Mayer, Brown, Rowe & Maw on behalf of Sir Philip 0009 1 WALTER VAN DE VIJVER, January 31, 2007 2 Watts. 3 MS. MAZARAKIS: Akrivi Mazarakis, Mayer, 4 Brown, Rowe & Maw, on behalf of defendant Philip 5 Watts. 6 MR. MORSE: Adreian Morse, Mayer Brown, 7 for Sir Philip Watts. 8 MR. WEED: Earl Weed, in-house Shell. 9 MR. TUTTLE: John Tuttle, Debevoise & 10 Plimpton, LLP, on behalf of the Shell defendants. 11 MR. WARE: David Ware, Debevoise & 12 Plimpton, on behalf of the Shell defendants. 13 MR. KING: Jeffrey King from Akin Gump 14 on behalf of the witness, Mr. Van de Vijver. 15 MR. DOWD: John Dowd from Akin Gump on 16 behalf of Mr. Van de Vijver. 17 MR. HOTZ: Robert Hotz from Akin Gump 18 representing for Mr. van de Vijver. 19 MR. SCHULTEN: Christopher Schulten from 20 Akin Gump on behalf of Mr. Van de Vijver. 21 MR. ADLER: Derek Adler from Hughes, 22 Hubbard & Reed, for PricewaterhouseCoopers U.K. 23 MR. CORSON: Nicholas Corson, Hogan & 24 Hartson, for KPMG Accountants. 25 MS. WICKHEM: Rebecca Wickhem, Foley & 0010 1 WALTER VAN DE VIJVER, January 31, 2007 2 Lardner, on behalf of Judith Boynton. 3 MS. SENNETT: Nancy Sennett of Foley & 4 Lardner, LLP, on behalf of the defendant Judith 5 Boynton. 6 MR. WEED: Ralph Ferrara, LeBoeuf, Lamb, 7 Green & MacRae, on behalf of Shell Transport and 8 Trading, Royal Dutch/Shell, and I might want to 9 remind my good friend Jeff Haber that there is no 10 class to represent yet, but we understand are his 11 clients. 12 THE VIDEOGRAPHER: The court reporter 13 today is Laurie Bangart-Smith of LegaLink New 14 York. Would the reporter please swear in the 15 witness. file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt (6 of 132)9/18/2007 3:54:29 PM file:///C|/Documents%20and%20Settings/daustin/Desktop/Deposition%20Transcripts/013107wv.txt Case 3:04-cv-00374-JAP-JJH Document 365-2 Filed 10/10/2007 Page 7 of 390 16 WALTER VAN DE VIJVER, 17 having been duly sworn, testified as follows: 18 EXAMINATION BY COUNSEL FOR PLAINTIFFS 19 BY MR. HABER: 20 Q Mr. Van de Vijver, good morning. 21 Before we start, I just want to let 22 everyone know that I am told that there is food, 23 there's breakfast, and there will be lunch served 24 in the Georgetown Room, which is right behind us, 25 and everyone is welcome to partake in that. 0011 1 WALTER VAN DE VIJVER, January 31, 2007 2 Also, Ralph, I understand, but I'm 3 pretty confident we'll get there.