06/12/2018 17:05:02

SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Petróleo Brasileiro S.A. – Petrobras (PBR)

NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Petróleo Brasileiro S.A. – Petrobras ("Petrobras" or the “Company") (NYSE: PBR). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/pbr.

The investigation concerns whether Petrobras and certain of its officers and/or directors have violated federal securities laws.

On December 5, 2018, Reuters published an article how Glencore and other trading firms paid $30+ million in bribes to Petrobras employees in a possibly ongoing scheme. As part of the scheme, Petrobras employees gave the trading companies lower prices on oil, derivatives, and storage tanks, then shared in the savings. The article continued to state that Petrobras top executives had “total and unequivocal” knowledge of the graft scheme. Following this news, Petrobras stock has dropped during intraday trading on December 6, 2018.

If you are aware of any facts relating to this investigation, or purchased Petrobras shares, you can assist this investigation by visiting the firm’s site: bgandg.com/pbr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Hurwitz

212-697-6484 | info@bgandg.com

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