Article: Audi Settles Diesel Engine Probe for Almost $1 Billion

“German luxury car brand Audi on Tuesday said it has agreed to pay a fine of €800 million ($927 million) to settle a German fraud investigation related to the sale of cars with six- and eight-cylinder diesel engines that contained illegal software to manipulate emissions.” Read the Full Story

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Article: Justice of the Netherlands allows collective action against Petrobras

“Petrobras shareholders who could not join the company’s lawsuit in the United States, closed earlier this year, will have a new opportunity. After more than a year and a half of discussions on the appropriate jurisdiction for the case, the Rotterdam District Court has authorized the opening of the collective action proposed by the Stichting…

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Article: Shareholders Will Take on Petrobras in Dutch Court

“Shareholders in Brazilian state oil company Petroleo Brasileiro SA will have their demands for compensation over corruption at the company heard in the Netherlands, a Dutch court ruled on Wednesday. The district court in Rotterdam said a preliminary hearing of the case against Petrobras, as the company is known, will be held on Dec. 18.”…

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Dutch Shareholder Foundation Achieves Significant Victory For Petrobras Investors With Billions In Losses In European Securities Fraud Litigation

Today the District Court in Rotterdam has ruled in favor of Stichting Petrobras Compensation Foundation (SPCF or Foundation) regarding arguments to establish jurisdiction in the Netherlands for eligible Petrobras investors seeking compensation for losses related to the “Lavo Jato” or “Operation Car Wash” scandal. Also the Court ruled that the arbitration clause in Petrobras’ Articles…

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PETROBRAS INVESTOR ALERT: $3B Settlement Covers Only US Securities. Majority of International Investors and Losses Not Covered.

European litigation, backed by institutional investors from around the world, seek equal restitution for majority of losses AMSTERDAM–January 8, 2018–Stichting Petrobras Compensation Foundation (SPCF or Foundation). On January 3, 2018, Petrobras announced that in connection with the losses investors suffered from the “Lava Jato” bribery scandal, it had agreed to a USD 2.95 Billion settlement…

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LAST CALL for VW SHAREHOLDERS – Registration of Volkswagen claims related to KapMuG Proceeding against VW in District Court in Braunschweig before September 8, 2017

Claimants who did not previously register their claims against VW in Germany for losses in VW shares traded on Xetra Deutsche Börse (or otherwise commenced litigation) are urged to act now by contacting International Securities Associations and Foundations Management Company for Damaged VW Investors, LLC (ISAF VW) to preserve their standing with respect to the collective action at the Higher…

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International Coalition files Lawsuit in District Court of Rotterdam, The Netherlands, for Damages Caused by Alleged Corruption and Fraud Perpetrated by Petroleo Brasiliero, certain affiliates and its Executives.

Rotterdam, Netherlands (January 24, 2017) An International coalition announced today that a lawsuit was filed in Dutch Court yesterday on behalf of institutional investors who suffered billions of dollars in losses in their investments in Petroleo Brasiliero SA (“Petrobras”). Seeking declaratory relief as a result of the alleged corruption of the company and its executives,…

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