3rd Circuit To Hear Appeal In Petrobas Securities Class Action Lawsuit

Mealey's (June 16, 2016, 2:42 PM EDT) -- NEW YORK — Without providing further detail, the Third Circuit U.S. Court of Appeals on June 15 agreed to hear an appeal of a ruling in a securities class action lawsuit filed in New York federal court that partially dismissed claims against a Brazilian oil company, its outside auditor and others (In re Petrobas Securities Litigation, No. 14-9662, S.D. N.Y.; 2016 U.S. Dist. LEXIS 76844).

(Memorandum order available. Document #57-160620-063R.)

Circuit Judges Jon O. Newman, José A. Cabranes and Susan L. Carney granted the motion for...
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