Petrobras to Pay $2.95 Billion Settlement in U.S. Class-Action Suit

Posted on 01/05/2018

Brazilian state-run oil company Petróleo Brasileiro S.A, also known as Petrobras, announced that it has entered into an agreement in principle to pay US$ 2.95 billion to settle a securities class-action lawsuit brought forward by investors in the United States District Court for the Southern District of New York. The petitioners claim they incurred large […]