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In Re Eletrobras Securities Litigation
Case Number:
1:15-cv-05754
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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December 13, 2018
Eletrobras Investors Get OK For $15M Bribery Settlement
A New York federal court has approved investors' roughly $15 million settlement with Brazil's state-controlled power company Eletrobras, resolving allegations that executives misled shareholders about the company's financials to conceal their participation in a massive bribery scandal.
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March 27, 2017
Eletrobras Investors' Bribery Suit Survives Dismissal Bid
A New York federal judge on Monday largely upheld a stock-drop suit over Brazilian energy giant Eletrobras' alleged role in a massive bribery scheme, saying investors adequately pled that the company misled them with statements about its ethics and financial well-being.
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October 02, 2015
Kaplan Fox, Kahn Swick To Lead Eletrobras Investor Suit
A New York federal judge consolidated two putative investor class actions against Brazilian state-run power company Eletrobras on Thursday, naming Kaplan Fox & Kilsheimer LLP and Kahn Swick & Foti LLC lead counsel.