Petrobras

SEC Fines, Disgorgement Hit $3.9B in 2018
Risk & Compliance

SEC Fines, Disgorgement Hit $3.9B in 2018

The agency "continues to be extremely successful in its efforts to deter bad conduct and effectively remedy harm to investors."
By Matthew Heller | November 5, 2018
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Petrobras Fined $1.8B for Duping U.S. Investors
Risk & Compliance

Petrobras Fined $1.8B for Duping U.S. Investors

U.S. authorities say the Brazilian energy giant padded its financial statements to conceal the payment of kickbacks to company executives by contractors.
By Matthew Heller | September 27, 2018
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Petrobras Settles Investor Class Action for $2.9B
Risk & Compliance

Petrobras Settles Investor Class Action for $2.9B

The settlement resolves investor claims arising from the $2 billion corruption scandal that has rocked Brazil for four years.
By Matthew Heller | January 3, 2018
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SEC Settles Two Huge FCPA Cases
Risk & Compliance

SEC Settles Two Huge FCPA Cases

Petrochemical company Braskem, its parent Obebrecht, and Teva Pharmaceutical Industries will pay a combined $4 billion.
By Sean Allocca | December 22, 2016
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Analyst Questions Petrobras’ Hedge Accounting
Corporate Finance

Analyst Questions Petrobras’ Hedge Accounting

If the Brazilian oil company continues to use hedge accounting, its earnings could be "significantly depressed" until 2025, Deutsche Bank analyst says.
By Matthew Heller | December 8, 2015
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Brazil Oil Firm Takes $5B in Charges over Scandal
Growth Companies

Brazil Oil Firm Takes $5B in Charges over Scandal

Petrobras is "cleaning up mistakes" relating to kickbacks, bribes, and inflated construction contracts.
By Katie Kuehner-Hebert | April 23, 2015
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Brazil’s Credit Market Closed for Business
Strategy

Brazil’s Credit Market Closed for Business

A 25-year low in the real and the forecast of a contracting economy are not helping the country's overseas bond market.
By Katie Kuehner-Hebert | March 6, 2015
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