December 13, 2018
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.
March 27, 2017
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.
October 02, 2015
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.