Posts by Kevin Doyle
Article: Dutch Court Enters Interim Merits Judgment in Favor of Petrobras Investors
By Kevin LaCroix In a milestone development in the long-running Dutch collective investor action brought against Petrobras and related entities, a Netherlands court has ruled on the merits in favor of the Foundation bringing the action on behalf of investors, holding that Petrobras harmed investors by publishing misleading financial information. Though the case is not done…
Read MoreBig Step Towards Compensation for International Shareholders and Investors Against Petrobras in EU-Based Class Action in Netherlands Court
After 7 years of litigation and almost falling off the investment community’s radar, the Stichting Petrobras Compensation Foundation—supported by many international Petrobras shareholders and bondholders—achieves an important Interim Judgment in a Dutch court on several counts, including fraud, against oil giant Petrobras On July 26, 2023, the Stichting Petrobras Compensation Foundation (“Foundation”) prevailed substantially in…
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