INVESTIGATION ALERT NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Petróleo Brasileiro S.A. – Pe...
December 07 2018 - 12:39PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Petróleo Brasileiro S.A. – Petrobras (“Petrobras” or
“the Company”) (NYSE: PBR) for violations of §§10(b) and 20(a) of
the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Reuters reported on December 5, 2018, that
trading firms including Glencore have been accused by Brazilian
prosecutors of paying more than $30 million in bribes to employees
of Petrobras, a graft scheme that prosecutors believe may still be
ongoing. In exchange for these bribes, Petrobras employees are
alleged to have offered the traders better prices for oil and
related commodities and services. According to Reuters, top
executives of Petrobras had “total and unequivocal” knowledge of
the scheme. Based on this news, shares of Petrobras lost more than
5% during morning trading on December 6, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20181207005419/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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