NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) resulting from
allegations that Petrobras may have issued materially misleading
business information to the investing public.
On December 5, 2018, Reuters reported that Glencore and other
trading firms paid over $30 million in bribes to employees of
state-owned oil company Petrobras in a graft scheme that Brazilian
prosecutors believe may still be ongoing. As part of the scheme,
Petrobras employees offered the trading companies lower prices for oil,
derivatives, and storage tanks, then shared in the savings. According to
the article, top executives of the companies had “total and unequivocal”
knowledge of the graft scheme. On this news, shares of Petrobras have
fallen sharply during intraday trading on December 6, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Petrobras investors. If you purchased shares of Petrobras
please visit the firm’s website at https://www.rosenlegal.com/cases-1078.html
to join the class action. You may also contact Phillip Kim or Zachary
Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com
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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653