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Profs Say Petrobras Holds Burden Of Proof In Cert. Appeal

By Martin O'Sullivan (September 2, 2016, 3:05 PM EDT) -- A group of securities law professors have urged the Second Circuit to rule that Petroleo Brasileiro SA holds the burden in its class certification appeal in proving that investors did not rely on alleged misstatements and omissions concerning billions of dollars in bribes and kickbacks....

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