BENSALEM, Pa.–(BUSINESS WIRE)–$PBR #classaction–Law Offices of Howard G. Smith announces an investigation on behalf of
Petróleo Brasileiro S.A. (“Petrobras” or the “Company”) (NYSE: PBR)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
The investigation concerns whether the Company 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. As part of the scheme, Petrobras employees offered
the trading companies lower prices for oil, derivatives, and storage
tanks, then shared in the savings. Specifically, top executives of the
companies had “total and unequivocal” knowledge of the scheme. On this
news, shares of Petrobras have fallen sharply during intraday trading on
December 6, 2018, thereby injuring investors.
If you purchased Petrobras securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
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