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Petrobras says motion to dismiss investor lawsuit quashed

( July 7, 2015, 17:00 GMT | Official Statement) -- MLex Summary: In a statement issued Friday, Brazilian state-run oil firm Petrobras said that its motion to dismiss a lawsuit filed by US investors had been denied by US District judge Jed Rakoff of the Southern District of New York. Petrobras disclosed that whilst part of the complaint was denied, relating to bonds issued in the US in 2012, the lawsuit would proceed with a trial date of no later than February 1, 2016.Order on the motion to dismiss in the U.S. action07/10/2015Rio de Janeiro, July 10th, 2015 –...

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