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Montevideo, July 17th 2019 - 00:54 UTC

Tag: US investors

  • Tuesday, June 26th 2018 - 09:06 UTC

    Petrobras agrees to pay US$ 3bn in reparations to US investors

    Petrobras will pay US$ 2.95 billion to its American shareholders. This sum is 6.5 times the amount Petrobras has recovered from funds embezzled in the corruption ring

    Brazilian state oil company Petrobras announced Monday that it would pay almost 3 billion U.S. dollars in reparations to U.S. investors who were harmed by the corruption ring within the firm. Brazil's largest company was sued in a class action lawsuit, which was approved on June 22 by a federal court in New York.