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Rakoff Botched Petrobras Investor Class, 2nd Circ. Told

By Jody Godoy (November 2, 2016, 5:35 PM EDT) -- Attorneys for Petrobras and banks that underwrote its debt securities urged the Second Circuit to overturn U.S. District Judge Jed Rakoff's ruling certifying investors' class action over losses from the oil firm's corruption scandal, saying his mistakes in the closely watched case could have a broad impact on U.S. securities law....

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