Petrobras to pay $4b to settle US class action lawsuit
Petrobras' production facility in the Urucu oilfield near Coari, Brazil. With the settlement, the state-controlled oil giant will pay out more than six times what it has received so far under a Brazilian probe into bribery schemes.PHOTO: BLOOMBERG
Published
1 hour ago
It's said to be biggest such payout in US by a foreign entity - but smaller than anticipated
Petrobras to pay $4b to settle US class action lawsuit
Petrobras' production facility in the Urucu oilfield near Coari, Brazil. With the settlement, the state-controlled oil giant will pay out more than six times what it has received so far under a Brazilian probe into bribery schemes.PHOTO: BLOOMBERG
Published
1 hour ago
It's said to be biggest such payout in US by a foreign entity - but smaller than anticipated
