Latin American Herald Tribune - Brazils Petrobras to Pay $2.95 Billion to Settle Class-Action Suit in US

LATIN AMERICAN HERALD TRIBUNE | on Thu, Jan 4, 1:00 AM

RIO DE JANEIRO Brazilian state oil company Petrobras said on Wednesday it has agreed to pay $2.95 billion to shareholders who filed suit in the United States to recover corruption-related losses.The settlement is aimed at bringing an end to a class-action lawsuit filed in the US District Court for the Southern District of New York, Petrobras said in a filing with the Sao Paulo stock exchange.Petrobras said the agreement was aimed at resolving all pending and prospective claims by investors in...

Read the full article

Semantic processing powered by OpenCalais

Use of the DailyMe service and DailyMe web site constitutes acceptance of the Company's Terms of Service and Privacy Policy.

© 2018 DailyMe, Inc. All rights reserved.