Petrobras: Update on the class action suit filed in New York

Update on the class action suit filed in New York

 

We hereby announce that on November 3, 2017, the United States Federal Court of Appeals for the Second Circuit granted a petition for stay filed by the company. Therefore, the class action will remain suspended until the US Supreme Court decides whether to analyze our appeal.

On November 1, 2017, we filed a petition to the US Supreme Court requesting the admission of an appeal against certain aspects of the decision handed down by the Federal Court of Appeals for the Second Circuit that, on July 7, 2017, partially annulled the class certification and determined that the matter be reconsidered by the First Instance Court.

We reiterate that we will continue to take the necessary measures to defend our interests.

Facts deemed material will be disclosed to the market in a timely manner.