Petrobras: Final Approval of the Agreement to Settle the Class Action in the United States

Final Approval of the Agreement to Settle the Class Action in the United States

Petrobras, following up on the disclosure made on March 1, 2018, informs that the agreement to settle the Class Action in the United States was approved this past Friday, June 22, 2018, as final, by the Federal District Court in New York.

The decision is subject to appeal to the Court of Appeals for the Second Circuit, however, as of now, the Class Action is resolved in the District Court.

The agreement does not constitute an admission of guilt or of improper practices by Petrobras, which has been recognized by the Brazilian authorities as a victim of the facts revealed by Operation Lava Jato.