Judge Rakoff hits Petrobras objectors where it hurts: In the pocketbook and their reputations [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Reuters
Judge Rakoff hits Petrobras objectors where it hurts: In the pocketbook and their reputations | Reuters 6 Min Read (Reuters) - If you’re going to object to a $3 billion class action settlement in the courtroom of U.S. District Judge Jed Rakoff of Manhattan, you’d better be prepared to suffer some dire consequences: equitable sanctions; a hefty fine; and, even if you’re not on the hook for money sanctions, some pretty harsh words and a sizable bond if you insist on appealing. Judge Rakoff, it’s clear from a Sept. 19 opinion in the gigantic Petrobras securities class action, has flat-out had enough of maneuvers he calls “frivolous,” “bad faith” and “extortion.” When we last visited the Petrobras case in June, Judge Rakoff had just granted final approval to a $3 billion settlement of class claims that the Brazilian energy giant had deceived investors about a corruption scandal that ensnared high-ranking executives and government officials. The judge nevertheless cut class counsels’ fee r
Show less
Read more
Impact Snapshot
Event Time:
PBR.A
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PBR.A alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PBR.A alerts
High impacting Petroleo Brasileiro S.A.- Petrobras American Depositary Shares news events
Weekly update
A roundup of the hottest topics
PBR.A
News
- Petrobras shareholders OK payout of 50% of withheld dividends [Seeking Alpha]Seeking Alpha
- UPDATE 1-Petrobras shareholders approve payout of 50% of withheld dividends [Yahoo! Finance]Yahoo! Finance
- Petrobras shareholders approve payout of 50% of withheld dividends [Reuters]Reuters
- Petrobras Investors Come Out Ahead After Drama Over Dividends in Brazil [BNN Bloomberg (Canada)]BNN Bloomberg
- Petrobras (PBR) Leads Investment Race in Oil and Gas Industry [Yahoo! Finance]Yahoo! Finance