2 May 2024
Petrobras stumps up nearly USD 3 billion to settle US corruption lawsuit
Publication date: 04 January 2018
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Brazil’s embattled state-controlled oil company Petrobras will atone almost USD 3 billion in an attempt to settle a securities class action lawsuit filed in the US before it proceeds to trial.
Petrobras said it has signed an agreement to pay US investors USD 2.95 billion "to resolve all pending and prospective claims" following a lawsuit brought forward by investors who claim...