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Analysis

Petrobras Ruling A Mixed Bag For Investors

By Carmen Germaine (July 11, 2017, 9:56 PM EDT) -- The Second Circuit set a particularly high bar for investors bringing securities class actions against foreign companies, decertifying two classes claiming Brazilian oil giant Petrobras concealed a massive bribery scheme, but experts said the news isn't all bad for plaintiff shareholders as the court also rejected two strict legal standards....

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