PBR.US
id: 578
Top $3 Billion Petrobras (PBR) Settlement to Investors
The process of distributing settlement funds to claimants has started.
$3,000,000,000
Cash SettlementS.D. New York
Court14-CV-09662
Case number01/22/2010
Class period Start06/28/2015
Class period End06/09/2018
Claim deadlineOn September 24, 2019, the Court issued its Order Granting Authorization to Distribute the Net Settlement Fund.
- The initial distribution commenced on October 28, 2019.
- The 2nd distribution commenced on February 25, 2020.
- The 3rd distribution commenced on July 21, 2021. This distribution was for late claims and late deficiency cures pursuant to the Court’s May 12, 2021 order.
- The 4th distribution commenced on August 24, 2022.
Please continue to check this official settlement website for updates.
Case Status
Disbursement
Alleged Offence
Other
Suspected Party
Other
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Filing date
12/08/2014
Plaintiffs
Universities Superannuation Scheme Limited, North Carolina Department of State Treasurer, Employees’ Retirement System of the State of Hawaii
Attorneys
Labaton Sucharow LLP (New York, NY), Motley Rice LLC (Hartford, CT), Pomerantz LLP (New York, NY)
Defendants
PricewaterhouseCoopers Auditores Independentes
Judge
Hon. Jed S. Rakoff
Administrator
EPIQ
Court hearing date
06/04/2018
Exclusion deadline
04/27/2018
Objection deadline
05/11/2018
Hearing deadline
05/11/2018
Trades matching type
FIFO