MercoPress. South Atlantic News Agency
Petrobras faces major class action lawsuit in US next February
Brazil's state-run oil producer Petrobras, said in a securities filing on Friday that its motion to dismiss a class-action lawsuit in the United States had been denied by the court. Petrobras said part of the complaint against the company relating to bonds issued in the United States in 2012 was denied. Read full article
Comments
Disclaimer & comment rulesPBR's trouble is only beginning in the USA. When the dust settles there's a very good chance they won't be able to function as a private company.
Jul 13th, 2015 - 02:33 pm - Link - Report abuse 0I also think the litigation and SEC investigation will link Dilma and Lula. They won't be shielded in the USA.
It is amazing that Argentina, Brazil and Venezuela's last decade of “prosperity” has all be shown to be a sham yet there are still a bunch of dumb@sses that believe the propoganda.
Oh dear, the shit is about to hit the fan and the shitters won't be able to avoid the spray.
Jul 13th, 2015 - 06:48 pm - Link - Report abuse 0DumbAss. The Chief Crook and thousands of co-conspirators are about to be slammed up (well early in 2016 anyway).
GOOD.
I love tweaking you political neanderthals, with your knee-jerk reactions, that are based solely on humble personal and uninformed opinions. Like one of you emotive blusterers refers to himself as a 'conservative' while constantly lambasting the impoverished for their unfortunate circumstances. While completely oblivious of British conservative pragmatism whose central feature was 'noblesse oblige'
Jul 18th, 2015 - 04:23 pm - Link - Report abuse 0To wit 'One-nation conservatism' originated with Benjamin Disraeli, who was a favorite of Richard Nixon. “As a political philosophy, one-nation conservatism reflects the belief that societies exist and develop organically, and that members within them have obligations towards each other. There is particular emphasis on the paternalistic obligation of the upper classes to those classes below them. https://en.wikipedia.org/wiki/One-nation_conservatism
So other than your gleeful speculation, it's hard to imagine how the former and present president have suddenly in their later years become so flawed when there is not even some much of a hint of impropriety in their past and it is their party that has instigated the most recent anti-corruption laws.
”Brazil’s law is “hard to prove,” according to Tathiana de Carvalho Costa, a lawyer at Carvalho Costa Advogados, in Rio de Janeiro. She said prosecutors would need to present documents or other strong proof showing a direct link between Mr. da Silva’s alleged influence peddling and the contracts and financing that allegedly resulted from those efforts.“ Wall Street Journal
https://en.wikipedia.org/wiki/One-nation_conservatism
Here's the definitive definition: 'Brazil's Criminal Code defines influence peddling as ”requesting, requiring, charging or obtaining, for oneself or others, benefits or promise of benefit, practiced by a public servant in the exercise of the function, which may attract sentence of 2 to 5 years imprisonment.”
https://en.wikipedia.org/wiki/One-nation_conservatism
@ 3
Jul 18th, 2015 - 06:05 pm - Link - Report abuse 0Do what?
So it appears from this definition that Lula is not culpable, and the investigation presumably is just a politically motivated 'fishing-expedition'. Since he was not at the time a public servant.
Jul 18th, 2015 - 06:46 pm - Link - Report abuse 0www1.folha.uol.com.br/internacional/en/brazil/2015/0
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