Petrobras

May 7

The Petrobras Scandal Comes to New York

A massive lawsuit has been filed by bondholders in New York federal court against Brazil’s state oil company, Petrobras. The lawsuit, which draws support from an ongoing corruption investigation in Brazil, alleges that Petrobras executives engaged in a deliberate scheme of money-laundering and bribery that cost the company’s investors hundreds of millions of dollars. The