Petroleo Brasileiro SA is heading into a Manhattan courtroom Thursday to ask a judge to throw out investor lawsuits triggered by the multibillion-dollar bribery scandal that’s rocking Brazil’s economy and its political elite.
Less than a week after police detained the chief executives of Brazil’s two biggest builders in connection with the kickback probe, the state-owned energy giant is asking that the investor cases be dismissed, saying it was swindled by renegade employees who traded construction contracts for payoffs.
Brazil Energy Insight 
Not sure I am kidding, but are these people on drugs? Petrobras is throwing away money, even on plane tickets to USA. When are all these delusional people, who seem to think they can sell the innocence of Petrobras, going to wake up. Allowing Petrobras to continue to claim innocence makes the entire country of Brazil look foolish
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I agree with you John. From the start, the defense strategy is to make the company a victim of the corrupters. Whether the lawyers will be able to pull it off I doubt it.
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