From Reuters
A U.S. judge on Tuesday cleared the way for investors to sue Brazil’s state-run oil company Petrobras as a group in litigation over billions of dollars in losses stemming from a bribery and political kickback scandal.
U.S. District Judge Jed Rakoff in Manhattan certified two classes of investors, one for those who bought debt securities Petrobras issued in two public offerings and another by those who acquired securities from January 2010 and July 2015.
