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State Pensions Seek To Unify Petrobras Securities Suits

By Jessica Corso (February 10, 2015, 2:32 PM EST) -- Three state retirement funds are hoping to consolidate five separate putative class actions against Petroleo Brasileiro SA in New York federal court, arguing that they are the perfect candidates to lead shareholders of the Brazilian-owned oil company through billion-dollar securities litigation following revelations of rampant corruption in September....

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