Petrobras Judge Allows Suit While Dismissing Some Claims
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Petroleo Brasileiro SA has less than seven months to prepare to confront investors in a U.S. court over losses stemming from a multi-billion-dollar bribery scheme.
Judge Jed Rakoff, who is overseeing U.S. cases against state-owned oil giant, told the company late Thursday that a trial would begin no later than Feb. 1. That’s an unusually short period of time to prepare.