• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Securities-Docket-Leaderboard_9Sec
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / Brazil

Brazil

Former Billionaire Eike Batista Convicted for Insider Trading – Bloomberg

By Securities Docket on October 1, 2019, 8:58 am

Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time on Monday for insider trading. Batista, 62, had already been convicted for paying $16.6 million to get government contracts as part of a sprawling corruption probe known as Carwash and sentenced to 30 years, which he […]

Posted in Criminal, Global | Tagged Brazil, Insider Trading

Brazil ex-billionaire fined $134 million for insider trading

By Securities Docket on May 29, 2019, 7:52 am

Eike Batista, once the richest man in Brazil, has been fined around $134 million for insider trading, the securities commission said Monday, as the ex-billionaire remains under house arrest pending an appeal against a 30-year jail sentence. Apart from the fine, the 62-year-old also was banned for seven years from running a publicly traded company. […]

Posted in Global, Top | Tagged Brazil, Insider Trading

Brazil’s Former Billionaire Eike Batista Sentenced to 30 Years | The Rio Times | Brazil News

By Securities Docket on July 5, 2018, 8:36 am

Once Brazil’s wealthiest man, businessman Eike Batista was sentenced to thirty years in prison in Rio de Janeiro this week for corruption and money laundering. Batista was found guilty of paying former Rio de Janeiro governor, Sergio Cabral US$16.5 million in 2011 and trying to conceal the bribe through a money laundering operation. via Brazil’s […]

Posted in Criminal, Global, Top | Tagged Brazil, Corruption

Brazil’s Petrobras to settle US class action lawsuit over corruption

By Securities Docket on January 3, 2018, 9:36 am

Brazil’s state-controlled oil company, Petroleo Brasileiro, said on Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scandal. Petrobras, as the company is known, denied any wrongdoing under the deal, which is one of the […]

Posted in Class Actions, Global, Top | Tagged Brazil, Settlements

JBS boss Wesley Batista arrested on insider trading charges

By Securities Docket on September 15, 2017, 7:13 am

According to the Brazilian police, the insider trading amounted to $44 million. It has been alleged that the brothers sold shares in their company ahead of the bribery allegations coming to light, knowing that shares would fall. If they are found guilty of these charges, they would be the first people in Brazil jailed for […]

Posted in Global, Top | Tagged Brazil

Brazil’s Eike Batista Found Guilty of Insider Trading | The Rio Times | Brazil News

By Securities Docket on June 14, 2017, 1:04 pm

With a 2 to 1 vote, Brazil’s Securities and Exchange Commission (CVM) found the once billionaire businessman Eike Batista guilty of insider trading, ordering Batista to pay a fine of R$21 million. via Brazil’s Eike Batista Found Guilty of Insider Trading | The Rio Times | Brazil News

Posted in Global | Tagged Brazil, Insider Trading

Brazil’s Petrobras Trial Date Set, As U.S. Pension Funds Seek ‘Tens of Billions’ In Losses – Forbes

By Securities Docket on May 26, 2016, 1:48 pm

Brazil’s oil company Petrobras will finally get its day in a U.S. court on Sept. 19 in a trial that pits 18 former executives and 13 investment banks, including J.P. Morgan Securities, against U.S. and U.K. investors. Claimants are seeking “tens of billions of dollars” in losses. via Brazil’s Petrobras Trial Date Set, As U.S. […]

Posted in Criminal, Global | Tagged Brazil

Former Allen & Overy partner charged in Petrobras-SBM Offshore bribe case – The FCPA Blog

By Securities Docket on December 23, 2015, 11:35 am

A former Allen & Overy partner who led the firm’s Amsterdam office was among a dozen people charged last week by prosecutors in Brazil as part of the corruption investigation into Petrobras, the state-owned oil company. via Former Allen & Overy partner charged in Petrobras-SBM Offshore bribe case – The FCPA Blog

Posted in Criminal, Global | Tagged Anti-corruption, Brazil

Brazil’s Petrobras: We lost $2 billion to bribery — CNNMoney

By Securities Docket on April 23, 2015, 7:41 am

Brazil’s Petrobras has put a price tag on its massive corruption scandal, writing off $2 billion for bribery-related costs via Brazil’s Petrobras: We lost $2 billion to bribery – CNNMoney

Posted in Criminal, Industry, Top | Tagged Anti-corruption, Brazil

Batista Insider Trading Case: From ‘Landmark’ to ‘Turmoil’ to ‘Farce’ | Compliance Week

By Securities Docket on April 9, 2015, 9:55 am

The already-bizarre Brazilian insider trading case against former billionaire Eike Batista “desended into farce” this week when the presiding judge was charged with embezzling more than $360,000 in seized money to buy himself a bulletproof Land Rover and an apartment. via Batista Insider Trading Case: From ‘Landmark’ to ‘Turmoil’ to ‘Farce’ | Compliance Week

Posted in Criminal, Global, Top | Tagged Brazil, Insider Trading

Next »

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.