Battea Class Action Services, LLC Alerts Petrobras Investors – The Time to Act Is Now
USD $3 Billion US settlement: In January 2018, Petrobras announced that in connection with the losses investors suffered from the Lava Jato bribery scandal, it had agreed to a USD $3 Billion settlement with investors who purchased Petrobras Common or Preferred American Depository Shares (ADS) and certain bonds in the U.S. The court has preliminarily approved the proposed settlement. The deadline to submit a claim in the U.S. case is set for June 9, 2018.
International Litigation and Settlement Initiative in the Netherlands: Separately, litigation efforts conducted by Stichting Petrobras Compensation Foundation against Petrobras continue in the Netherlands on behalf of investors who also suffered billions of dollars in losses in Petrobras common shares (PETR3) and Petrobras preferred shares (PETR4), which are listed on BM&F Bovespa, as well as Petrobras bonds that were sold outside of the U.S. The next hearing date for that litigation is on June 28, 2018 in District Court in Rotterdam.
Investor Claims Filing and Participation: The landscape surrounding the global litigations against Petrobras and related settlements and loss recovery opportunities for investors is more complex than usual due to a multitude of factors, including the complexity of Petrobras’ capital structure, with its equity being listed on exchanges in the US, Brazil, and through global linked market systems, and the numerous securities that are eligible for recovery, as well as the multiple currency denominations of Petrobras bonds that were issued and offered both in the US and internationally. The proposed US settlement has a number of qualifying conditions and more than 20 different equity related price loss calculations. Identifying and asserting the proper securities in each of the proposed or pending settlements will be critical for investors to ensure they receive all of the monies to which they are entitled.
Battea is the leading global expert in all stages of class actions and class settlements in connection with securities, foreign exchange, derivatives, and antitrust litigations and settlements, acting on behalf of more than 700 institutional investors worldwide, including the world’s biggest banks, hedge funds, and buy-side investors. Battea has provided litigation research and analyzed massive streams of Petrobras trading transaction data on behalf of its global client base and is uniquely positioned to assist interested institutional investors who have transacted in both US and non-US based Petrobras securities. Underscoring the Company’s specialized expertise in the Petrobras matter, it has been retained to process and analyze investor transaction eligibility by the international coalition undertaking the international litigation efforts in the Netherlands.
Who is Eligible to Recover in the US Settlement:
The US Settlement covers persons or entities that purchased or otherwise acquired equity or debt securities of Petrobras (or Petrobras International Finance Company S.A. and/or Petrobras Global Finance B.V., its wholly owned financing subsidiaries) on the NYSE or that cleared or settled through DTC’s book-entry system, or pursuant to certain other covered transactions between January 22, 2010 and July 28, 2015; and/or purchased or otherwise acquired debt securities issued by Petrobras or its financing subsidiaries directly in, pursuant to and/or traceable to a May 13, 2013 public offering registered in the U.S. and/or a March 10, 2014 public offering registered in the U.S. before August 11, 2014, in the case of the May 13, 2013 public offering, or before May 15, 2015, in the case of the March 10, 2014 public offering.
Who is Eligible to Participate in the International Recovery Action in the Netherlands:
The pending international recovery action in the Netherlands covers all persons who purchased or acquired before July 28, 2015 any Petrobras security not covered by the US Settlement, which includes both Petrobras common and preferred shares traded on Bovespa or through linked market systems outside of the US, as well as all bonds offered outside of the US. Petrobras Global Finance B.V., which promoted Petrobras to the international capital markets, is not headquartered in Brazil, but rather in Rotterdam, the Netherlands, where other Petrobras subsidiaries involved in the Lava Jato bribery scandal are domiciled as well. Further in the EU, Petrobras became subject to the CNMV, the Spanish Financial Market Regulator, when the Company opened access to its shares listed on Bovespa through a linked market system arrangement with Bolsa de Madrid.
Battea can assist investors with determining and preserving eligibility in both the U.S. case and the international Netherlands case. For more information, contact Battea today at firstname.lastname@example.org or call +1 (203) 987-4949.
About Battea - Class Action Services, LLC: Battea – Class Action Services, via its comprehensive secure datacenter hosted technology platforms and The Claims Engine®, automates class action settlement award recovery across all asset classes for nearly 20 years and in excess of 700 institutional investors, including hedge funds, asset management firms, sovereign and pension funds, endowments and family offices. Battea is trusted as a global leader, and consulted as experts, in all stages of asserting and processing settlement claims in connection with antitrust and securities litigation. Battea maintains corporate headquarters in Stamford, CT and San Francisco, CA and has support agents in several international locations including London, Madrid, Scandinavia, Luxembourg and others.
About Battea Global Litigation Research, Inc.: Battea Global Litigation Research, Inc., a subsidiary of Battea Class Action Services, LLC, is responsible tracking of settlements and litigation initiatives globally and provide in-depth analysis, expert event and damages studies for clients and shareholder associations and foundations. Comprised of an international team of experts in the legal and financial markets, Battea Global Litigation Research maintains offices in both Stamford, CT and Copenhagen, Denmark.
For Media and Investor Inquires:
Battea – Class Action Services, LLC
Kevin Doyle, +44 207 099 8798
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
American Airlines Announces Nonstop Philadelphia (PHL) to Orlando Melbourne (MLB)22.9.2018 01:13 | Tiedote
Glorious beaches by day and theme park fireworks by night just got more convenient for Philadelphia travelers. American Airlines announced today that it will begin nonstop flights to Orlando Melbourne International Airport (MLB) starting February 16, 2019. The Central Florida airport is conveniently located in the heart of the tourism region and is the closest airport to NASA rocket launches, Port Canaveral’s cruises and what critics call “some of the most beautiful beaches Florida has to offer.” The flights will depart Saturdays from Philadelphia at 8:05 a.m., arriving in Florida at 10:48 a.m. The Embraer 175 jet arrival time syncs perfectly with cruise ship noon early boarding. Melbourne Airport Express offers nonstop shuttle service to the port, and all major rental car companies are onsite. The return flight to PHL departs at 11:24 a.m. and arrives in PHL at 1:55 p.m., with enough time to connect to some of American’s largest international destinations, including recently announced
Amy Palladino Joins BCW as Executive Vice President, Managing Director, Corporate Practice21.9.2018 20:43 | Tiedote
BCW (Burson Cohn & Wolfe), a leading global communications agency, today announced that Amy Palladino has joined the agency as Executive Vice President, Managing Director in the agency’s U.S. Corporate Practice. Based in New York, Palladino will focus on senior client counsel and executive positioning for the agency’s largest corporate clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005507/en/ Amy Palladino Joins BCW (Burson Cohn & Wolfe) “Amy is a talented and highly experienced communications executive with a track record of solving clients’ complex challenges and building business through smart, integrated communications approaches,” said Chris Foster, President, North America, BCW. “Her creativity and judgement will be enormously valuable to our current and prospective clients.” Palladino has more than 20 years of experience advising global clients across numerous industries, including technology, healthcar
Heidelberg Engineering Announces the CE-Marking of ANTERION21.9.2018 19:41 | Tiedote
Heidelberg Engineering, the leader in diagnostic imaging known for the internationally-acclaimed SPECTRALIS ® retina and glaucoma platform, announces the CE-marking of ANTERION ® – an innovative platform designed to transform anterior segment diagnostics and workflow. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005442/en/ The new Heidelberg Engineering ANTERION® provides the most important anterior segment examinations and measurements in one modular, upgradeable platform. (Graphic: Business Wire) The new ANTERION provides the most important anterior segment examinations and measurements in one modular, upgradeable platform. It is a single, workflow-efficient solution that brings together corneal topography and tomography, anterior segment metrics, axial length measurement and IOL calculation to transform the day-to-day routine of busy practices and clinics. Heidelberg Engineering has leveraged its core OCT technolo
Florian Winterstein Becomes New CEO of Jedox21.9.2018 18:46 | Tiedote
The supervisory board of Jedox AG, a leading vendor of business intelligence and enterprise planning software, has appointed Florian Winterstein as Chief Executive Officer (CEO) effective October 2, 2018. This nomination will support Jedox’s international growth and a new development phase initiated by its latest fund raising in April 2018 with Iris Capital, eCAPITAL entrepreneurial Partners AG and Wecken & Cie. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005416/en/ Florian Winterstein (Photo: Business Wire) With 25 years of experience in strategy consulting and leadership in software and service organizations, Winterstein brings to the company a valuable combination of expertise in cloud solutions, business development, and value creation for customers and partners. As former Chief Strategy Officer of BravoSolution, he positioned the software-as-a-service company as trendsetting digitalization partner, extending it
Avinor to Test Autonomous Snowploughs at Oslo Airport This Winter21.9.2018 17:37 | Tiedote
Since 2010 Avinor has had a vision and a desire to automate winter maintenance. In March autonomous snow clearing was demonstrated at Fagernes Airport, and this winter Avinor is taking this a step further by testing two autonomous snowploughs at Oslo Airport. The project is one of the first globally where large machinery will operate autonomously to keep snow away from airport areas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180921005363/en/ Avinor to Test Autonomous Snowploughs at Oslo Airport This Winter (Photo: Business Wire) “Innovation is important to Avinor. In the future, many tasks in aviation will be resolved in other ways than today. Avinor wants to test autonomy, and does of course see a potential for rationalization in the future through new solutions for winter operations and in other areas. Avinor is at the forefront of testing this technology, but it is essential that safety is ensured in all such testing
Takeda Receives Positive CHMP Opinion Recommending ALUNBRIG® (brigatinib) for the Treatment of ALK+ Non-Small Cell Lung Cancer in Patients Previously Treated with Crizotinib21.9.2018 16:30 | Tiedote
Takeda Pharmaceutical Company Limited (TSE: 4502) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion, recommending the full approval of ALUNBRIG® (brigatinib) as a monotherapy for the treatment of adult patients with anaplastic lymphoma kinase-positive (ALK+) advanced non-small cell lung cancer (NSCLC) previously treated with crizotinib. ALUNBRIG is a tyrosine kinase inhibitor (TKI) designed to target and inhibit the ALK mutation in NSCLC. Approximately three to five percent of NSCLC patients globally have the ALK mutation. If the CHMP opinion is affirmed, and the European Commission approves ALUNBRIG, it will become the only ALK inhibitor available in the European Union as a one tablet per day dose that can be taken with or without food. The randomized, global Phase 2 ALTA trial was designed to investigate the efficacy and safety of ALUNBRIG in patients with locally advanced or metastatic ALK+
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme