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PBR.US
id: 578, Created by Stan Vick Chase, Scout
Top $3 Billion Petrobras (PBR) Settlement to Investors
Settled
22 January 2010
Class period Start28 June 2015
Class period End09 June 2018
Claim deadlineOn 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
Case number
14-CV-09662
Filing date
08 December 2014
Lead plaintiff
Universities Superannuation Scheme Limited, North Carolina Department of State Treasurer, Employees’ Retirement System of the State of Hawaii
Attorney
Labaton Sucharow LLP (New York, NY), Motley Rice LLC (Hartford, CT), Pomerantz LLP (New York, NY)
Defendants
PricewaterhouseCoopers Auditores Independentes
Court
Southern District of New York
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