Article: Is Petroleo Brasileiro in Trouble Again?
Is Petroleo Brasileiro in Trouble Again?
A group of international investors and law firms may cause problems for the Brazilian oil company, Petrobras; How? Bidness Etc takes a look
As if it weren’t bad enough that Petrobras witnessed a $2 billion corruption scandal and a depressed crude situation, the company may face another lawsuit soon. A group of international investors and law practitioners, under the name of Stichting Petrobras Compensation Foundation (SPCF), has come together to consider filing a class-action lawsuit against the company, under the European law, reports Reuters.
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