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Petrobras to pay $2.95 billion to settle U.S. corruption lawsuit

Petrobras to pay $2.95 billion to settle U.S. corruption lawsuit | Reuters | January 03, 2018
Source: Reuters
January 03, 2018
NEW YORK (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Wednesday agreed to pay $2.95 billion to settle a U.S. class action corruption lawsuit, in what was said to be the biggest such payout in the United States by a foreign entity.

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