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PBR.US
id: 578

Top $3 Billion Petrobras (PBR) Settlement to Investors

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
S.D. New York
Court
14-CV-09662
Case number
22 Jan 2010
Class period Start
28 Jun 2015
Class period End
09 Jun 2018
Claim deadline
On September 24, 2019, the Court issued its Order Granting Authorization to Distribute the Net Settlement Fund.
  • The initial distribution commenced on October 28, 2019.
  • The 2nd distribution commenced on February 25, 2020.
  • The 3rd distribution commenced on July 21, 2021. This distribution was for late claims and late deficiency cures pursuant to the Court’s May 12, 2021 order.
  • The 4th distribution commenced on August 24, 2022.
Please continue to check this official settlement website for updates.
Alleged Offence
Other
Suspected Party
Other
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Filing date
08 December 2014
Plaintiffs
Universities Superannuation Scheme Limited, North Carolina Department of State Treasurer, Employees’ Retirement System of the State of Hawaii
Attorneys
Labaton Sucharow LLP (New York, NY), Motley Rice LLC (Hartford, CT), Pomerantz LLP (New York, NY)
Defendants
PricewaterhouseCoopers Auditores Independentes
Judge
Hon. Jed S. Rakoff
Administrator
EPIQ
Court hearing date
04 June 2018
Exclusion deadline
27 April 2018
Objection deadline
11 May 2018
Hearing deadline
11 May 2018
+$3,000,000,000
Total Settlement Amount

Petroleo Brasileiro Petrobras SA ADR

Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and M...

    Ticker
    PBR.US
    ISIN
    US71654V4086
    CIK
    1119639
    Sector
    Energy
    Industry
    Oil & Gas Integrated
    Country
    USA
    Address
    Avenida RepUblica do Chile, 65, Rio De Janeiro, RJ, Brazil, 20031-912