Article: Petrobras settlements show company eager to resolve corruption cases
Petrobras’ decision to settle four lawsuits over corruption allegations signals its willingness to negotiate deals in other civil cases but does not remove the threat of massive government penalties from U.S. and Brazilian investigations, legal experts said.
The four settlements with large Petrobras shareholders, approved by the oil company’s board on Friday, represent only a fraction of the 27 individual lawsuits and one class action case filed against the company in U.S. courts.
But they could be a sign the firm is ready to press ahead with other settlements, legal experts said. Petrobras admitted to no wrongdoing in the agreements.