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Petrobras Insists $98B Kickbacks Suit Lacks Jurisdiction

By Jacob Batchelor ( October 6, 2015, 2:57 PM EDT) -- Brazilian oil company Petrobras doubled down Monday on efforts to ditch parts of a $98 billion shareholder suit alleging it engaged in a bribery and kickbacks scheme to enrich executives and government officials, saying plaintiffs in consolidated individual actions lack standing and had not shown their securities were purchased domestically....

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