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EIG Funds' Claims Too Foreign, Petrobras Tells DC Circ.

Law360, New York (September 5, 2017, 9:34 PM EDT) -- Petroleo Brasileiro SA, or Petrobras, is urging the D.C. Circuit to reverse a decision allowing investment funds managed by EIG Global Energy Partners LLC to bring claims over a failed drillship venture, arguing EIG can't bring claims in the United States because it made its investment through Luxembourg-based companies.

U.S. District Judge Amit P. Mehta denied Petrobras' motion to dismiss the case, which alleges the oil giant committed fraud by getting the EIG funds to invest in a company meant to finance the construction of a fleet...
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Case Information

Case Title

EIG Energy Fund XIV, L.P., et al v. Petroleo Brasileiro, S.A., et al


Case Number

17-7067

Court

Appellate - DC Circuit

Nature of Suit

3370 Other Fraud

Date Filed

April 25, 2017

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