INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Petróleo Brasileiro S.A. Investors (PBR)
BENSALEM, Pa.--(BUSINESS WIRE)--Dec 6, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Petróleo Brasileiro S.A. (“Petrobras” or the “Company”) (NYSE: PBR ) investors concerning the Company and its officers’ possible violations of federal securities laws.
The investigation concerns whether the Company issued materially misleading business information to the investing public. On December 5, 2018, Reuters reported that Glencore and other trading firms paid over $30 million in bribes to employees of state-owned oil company Petrobras in a graft scheme. As part of the scheme, Petrobras employees offered the trading companies lower prices for oil, derivatives, and storage tanks, then shared in the savings. Specifically, top executives of the companies had “total and unequivocal” knowledge of the scheme. On this news, shares of Petrobras have fallen sharply during intraday trading on December 6, 2018, thereby injuring investors.
If you purchased Petrobras securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181206006044/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 12/06/2018 07:30 PM/DISC: 12/06/2018 07:30 PM