In Unprecedented Case, Petrobras Forced To Compensate Investors for Misconduct

The amount has not yet been defined and the state-owned company is preparing to try to overturn the arbitration ruling in Court.

RIO DE JANEIRO, BRAZIL - May will make history in the Brazilian capital market. The Petros and Previ foundations won a compensation claim against Petrobras in a dispute held at the Market Arbitration Chamber (CAM) in connection with Operation Lava-Jato. This is the first compensation to investors in Brazil for stock losses due to a company's misconduct, that has been determined in an arbitration proceeding.

The ruling dates back to May 27th. Disputes at the CAM are confidential and the matter is being handled with great discretion. The amounts that Petrobras is required to pay have not yet been . . .

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