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Brazil’s Petrobras Settles Four Individual Lawsuits in the U.S.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Petrobras’ Board of Directors announced that it had agreed on settlements to end four individual lawsuits filed before the Federal Court of New York, in the United States. These agreements will join the other fifteen settlements announced on October and November of 2016. The oil giant, however, did not admit to any wrongdoing.

“These agreements, the terms of which are confidential, aim to eliminate uncertainties, charges and costs associated with the continuity of such disputes and do not constitute any acknowledgment of liability on the part of Petrobras, which will . . .

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