Civil case
In re Petrobras Securities Litigation
- Authority
- US District Court for the Southern District of New York
- Case number
- No. 14-cv-9662
- Filed or opened
- Not stated in the sources read
- Organization
- Petróleo Brasileiro S.A. - Petrobras
- Current stage
- Settlement in principle announced on 3 January 2018 and submitted for court review
- Outcome
- Settlement of US$2.95 billion without admission. Court approval not reviewed here.
Decisions and steps
Claims this case bears on
- Supported75Petrobras agreed in January 2018 to pay US$2.95 billion to settle the US securities class action without admitting wrongdoing.Company statement, 3 January 20182 records citedDisclosure
Sources
- S3Tier B Petrobras Signs Agreement in Principle to Settle Class Action in the U.S.Petróleo Brasileiro S.A. - Petrobras. Company filing. 3 January 2018.Company statement of the class action terms and its victim position.
- S1Tier A Petróleo Brasileiro S.A. - Petrobras Agrees to Pay More Than $850 Million for FCPA ViolationsUS Department of Justice. Regulator press release. 27 September 2018.Supports the non-prosecution agreement, the penalty split and the described conduct. The en dash in the original title is shown as a hyphen.Link working, checked 25 October 2026