June 11, 2024
The D.C. Circuit on Tuesday affirmed the denial of Petrobras' immunity defense against an investor fraud lawsuit filed after the petroleum company was implicated in a sprawling bribery scheme, ruling that the alleged fraud caused a direct impact on the United States sufficient to pull Petrobras into the court's jurisdiction.
October 17, 2023
The D.C. Circuit was having a hard time Tuesday morning wrapping its mind around why it should undo a summary judgment ruling against Petrobras, which was found liable for inducing U.S. investors to put money into an oil drilling venture that was actually a bribery scheme.
March 08, 2023
Petrobras is urging the D.C. Circuit to overturn a ruling that it deceived investors into financing a company formed for an oil drilling venture that collapsed after it was found to be part of a bribery scheme, arguing that the company should be immune under the Foreign Sovereign Immunities Act.