Defendant Name: Petróleo Brasileiro S.A. – Petrobras

Defendant Type: Public Company
SIC Code: 1311
CUSIP: 71654V40

Initial Case Details

Legal Case Name In the Matter of Petróleo Brasileiro S.A. – Petrobras
First Document Date 27-Sep-2018
Initial Filing Format Administrative Action
File Number 3-18843
Allegation Type Foreign Corrupt Practices Act
AAER 3989

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 27-Sep-2018

Related Documents:

33-10561 27-Sep-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
The Commission stated: "This matter relates to a massive corruption scheme, perpetrated by certain former senior executives of Petrobras a Brazilian government-controlled oil and gas company who were appointed by the Brazilian government and who conspired with Petrobras s largest contractors and suppliers, resulting in material misstatements and omissions by Petrobras."
2018-215 27-Sep-2018 Press Release--Administrative Proceeding
Petrobas Reaches Settlement With SEC for Misleading Investors
The Commission stated: "The Securities and Exchange Commission today charged Brazilian oil-and-gas company Petróleo Brasileiro S.A. with misleading U.S. investors by filing false financial statements that concealed a massive bribery and bid-rigging scheme at the company."
34-87889 06-Jan-2020 Administrative Proceeding
Order Appointing Fund Administrator and Setting Bond Amount
The SEC Stated: "Epiq is appointed as the fund administrator, pursuant to Rule 1105(a) of the Commission's Rules of Fair Fund and Disgorgement Plans ("Commission's Rules"), and shall obtain a bond in accordance with Rule 1105(c) of the Commission's Rules3 in the amount of $85,320,000."
34-90465 20-Nov-2020 Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that "Miller Kaplan, pursuant to and an accordance with the Omnibus Order, is appointed the Tax Administrator for the QSF in the above-referenced proceeding."
34-92274 28-Jun-2021 Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
The SEC stated: "Notice is hereby given . . . that the Division of Enforcement has submitted to the Commission a proposed plan of distribution (the "Proposed Plan") for the distribution of monies paid in the above-captioned matter."
34-92274-pdp 28-Jun-2021 Administrative Proceeding
Proposed Plan of Distribution
The SEC stated: "The Division of Enforcement submits this proposed plan of distribution (the “Plan”) . . . As described more specifically below, the Plan provides for the distribution of funds collected in the above-captioned matter to compensate investors harmed by securities violations of Petróleo Brasileiro S.A. - Petrobras (“Petrobras” or “Respondent”) as described in the Order."
34-92787 27-Aug-2021 Administrative Proceeding
Order Approving Plan of Distribution
The Commission ordered that: "the Proposed Plan is approved"
34-92787-dp 27-Aug-2021 Administrative Proceeding
Plan of Distribution
The Commission stated: "the Plan provides for the distribution of funds collected in the above-captioned matter to compensate investors harmed by securities violations of Petróleo Brasileiro S.A. - Petrobras (“Petrobras” or “Respondent”) as described in the Order."
34-98423 18-Sep-2023 Administrative Proceeding
Order Directing Disbursement of Fair Fund
The SEC ordered that: "Commission staff shall transfer $91,645,380.17 from the Fair Fund to the Fair Fund’s escrow account at The Huntington National Bank, N.A., and the Fund Administrator shall distribute such monies to the eligible claimants in accordance with the Plan."