Rakoff Refuses Petrobras Bid To Nix $98M Bribery Suit

By Cara Salvatore (July 10, 2015, 11:39 AM EDT) -- U.S. District Judge Jed Rakoff ruled Friday that Petroleo Brasileiro SA, commonly known as Petrobras, must face a significant chunk of a shareholder suit over losses in $98 billion worth of securities after a multibillion-dollar corruption and kickback probe began to roil Brazil....

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