EIG Energy Fund XIV, L.P., et al v. Petroleo Brasileiro, S.A., et al
Case Number:
22-7118
Court:
Nature of Suit:
Companies
Sectors & Industries:
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June 11, 2024
DC Circ. Affirms Petrobras' Immunity Denial In Fraud Case
The D.C. Circuit on Tuesday affirmed the denial of Petrobras' immunity defense against an investor fraud lawsuit filed after the petroleum company was implicated in a sprawling bribery scheme, ruling that the alleged fraud caused a direct impact on the United States sufficient to pull Petrobras into the court's jurisdiction.
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October 17, 2023
DC Circ. Unsure About Wading Into Petrobras Bribery Case
The D.C. Circuit was having a hard time Tuesday morning wrapping its mind around why it should undo a summary judgment ruling against Petrobras, which was found liable for inducing U.S. investors to put money into an oil drilling venture that was actually a bribery scheme.
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March 08, 2023
Petrobras Tells DC Circ. FSIA Bars Investor Fraud Suit
Petrobras is urging the D.C. Circuit to overturn a ruling that it deceived investors into financing a company formed for an oil drilling venture that collapsed after it was found to be part of a bribery scheme, arguing that the company should be immune under the Foreign Sovereign Immunities Act.