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In re Braskem Securities Litigation
Case Number:
1:15-cv-05132
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 14, 2017
Braskem, Investors Strike $10M Deal In Corruption Suits
Petrochemical firm Braskem SA reached a $10 million deal in New York federal court Thursday with investors who accused the company of hiding its role in bribery tied to dealings with Brazilian oil giant Petrobras, a role that sent shares tumbling when the scandal was revealed.
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March 31, 2017
Braskem Must Face Investor Corruption Suits, NY Judge Rules
A Manhattan federal judge allowed shareholder suits against petrochemical firm Braskem SA to move forward Thursday, clearing parent company Odebrecht SA but exposing the unit to claims that it hid the crucial role of bribery in dealings with Brazilian oil giant Petrobras from other investors.
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January 03, 2017
Odebrecht Says Plea Doesn't Affect Petrobras Bribery Suit
Engineering firm Odebrecht SA on Tuesday told a Manhattan federal judge that investors suing it and petrochemical producer Braskem SA for securities violations have falsely claimed that Odebrecht admitted to its involvement in bribing Petrobras to lower the price of a key chemical sold to Braskem.
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October 17, 2016
Braskem Investors Fight To Keep Petrobras Claims Afloat
An attorney for investors who bought U.S.-traded shares in Brazilian petrochemical company Braskem SA urged a Manhattan federal judge to let their suit go forward on Monday, telling the judge the company hid that it got a low price on a key chemical through bribery.
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July 01, 2015
Braskem Hit With Investor Class Action Over Petrobras Bribes
Braskem SA's stock price was artificially inflated by bribes paid to Petrobras to ensure cheap raw material prices, investors said in a proposed class action filed Wednesday in New York federal court.