Petrobras: Federal Court of Appeals in NY partially accepts our class action appeal

Federal Court of Appeals in NY partially accepts our class action appeal

 

We announce that the United States Court of Appeals for the Second Circuit overturned the class certification decision on July 7 and ordered that the lower court review the matter.

The Court partially accepted Petrobras' appeal, rejecting certain aspects of the decision and confirming others. Among other issues, the Court held that the judge should have considered the need to prove the location of the transactions in the United States through evidence common to the class members.

We will continue to take the measures needed to defend our interests.

Facts deemed material will be disclosed to the market on a timely basis.