Legal Opinion
Universities Superannuation Scheme Ltd. v. Petróleo Brasileiro S.A. Petrobras
Court of Appeals for the Second Circuit
Decided July 7, 2017No. Docket No. 16-1914-cvPublishedCited by 238 opinions
1Opinion of the Court
GARAUFIS, District Judge:
This expedited appeal arises out of an order entered in the United States District Court for the Southern District of New York (Rakoff, J.) certifying two classes in this securities fraud action against Petróleo Brasileiro S.A. — Petrobras (“Petrobras”) and various other defendants. See In re Petrobras Sec. Litig. (the “Certification Order”), 312 F.R.D. 354 (S.D.N.Y. 2016).
Petrobras is a multinational oil and gas company headquartered in Brazil and majority-owned by the Brazilian government. Though Petrobras was once among the largest companies in the world, its value…
2Cases cited51 opinions
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3Cited by238 opinions
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