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Tag: supreme court

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The settlement ends a three-year legal battle in which depository receipt holders and bondholders in the United States lost money as the company's market value declined. Brazilian prosecutors began an inquiry in 2014 regarding a far-reaching money-laundering, bribery and kickback scheme known as Operation Carwash. Dozens of Petrobras executives and Brazilian politicians, including former Presidents Dilma Rouseff and Luis Lula de Silva, have been implicated.

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