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Brazil’s Petrobras May Pay Billions in U.S. Class Action Case

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A class action suit filed in the United States on behalf of stock investors at the New York Stock Exchange may yield ‘tens of billions of dollars’ for the plaintiffs, a bigger settlement than that awarded to Enron plaintiffs, of US$7.2 billion, say economic analysts. The case is scheduled to go to trial on September 19th, 2016.

The action suit, alleges that its senior Petrobras executives were involved in a multi-year, multi-billion dollar Subscribe to our Premium Membership Plan. Already Subscribed?

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