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Stichting Petrobras Compensation Foundation (SPCF or Foundation). On January 3, 2018, Petrobras announced that in connection with the losses investors suffered from the “Lava Jato” bribery scandal, it had agreed to a USD 2.95 …
Business Wire · 8d
The settlement was lower than analysts predicted but, if approved, will be one of the largest securities class action settlements in the US. Petrobras and politics Since the scandal broke in 2014, dozens of senior …
The Malaysian Digest · 13d
Petrobras said the settlement was not an admission of guilt and denied any wrongdoing. “The voluntary act of Petrobras paying US$3 billion to foreign shareholders indicates it should pay proportional values to Brazilian …
MercoPress · 12d