{"id":77629,"date":"2017-11-06T22:12:28","date_gmt":"2017-11-06T22:12:28","guid":{"rendered":"https:\/\/splash247.com\/?p=77629"},"modified":"2017-11-06T22:13:07","modified_gmt":"2017-11-06T22:13:07","slug":"petrobras-request-to-temporarily-suspend-class-action-suit-granted-by-us-court","status":"publish","type":"post","link":"https:\/\/splash247.com\/petrobras-request-to-temporarily-suspend-class-action-suit-granted-by-us-court\/","title":{"rendered":"Petrobras request to temporarily suspend class action suit granted by US court"},"content":{"rendered":"

A class action suit against Brazil\u2019s troubled state oil firm Petrobras has been halted in US court, according to Reuters<\/em> citing a securities filing made on Monday.<\/p>\n

The US Court of Appeals for the Second Circuit based in New York City had on Friday granted Petrobras’ motion to stay the case.<\/p>\n

This applies until such time as the US Supreme Court renders a decision on a separate request from Petrobras about the proceedings.<\/p>\n

The class action suit was brought on behalf of investors who claim US federal securities laws were broken by the concealment of the multi-year, multibillion-dollar bribery scheme that has been roiling Petrobras and Brazil\u2019s body politic.<\/p>\n

Monday\u2019s securities filing also revealed that Petrobras, holder of huge offshore drilling interests, has repaid $1.28bn in debts to banks J.P. Morgan, HSBC and Intesa Sanpaolo.<\/p>\n","protected":false},"excerpt":{"rendered":"

A class action suit against Brazil\u2019s troubled state oil firm Petrobras has been halted in US court, according to Reuters citing a securities filing made on Monday. The US Court of Appeals for the Second Circuit based in New York City had on Friday granted Petrobras’ motion to stay the case. This applies until such …<\/p>\n","protected":false},"author":15,"featured_media":32162,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[71,60],"tags":[224,410,200],"yoast_head":"\nPetrobras request to temporarily suspend class action suit granted by US court - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/petrobras-request-to-temporarily-suspend-class-action-suit-granted-by-us-court\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petrobras request to temporarily suspend class action suit granted by US court - Splash247\" \/>\n<meta property=\"og:description\" content=\"A class action suit against Brazil\u2019s troubled state oil firm Petrobras has been halted in US court, according to Reuters citing a securities filing made on Monday. The US Court of Appeals for the Second Circuit based in New York City had on Friday granted Petrobras’ motion to stay the case. 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The US Court of Appeals for the Second Circuit based in New York City had on Friday granted Petrobras’ motion to stay the case. 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