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Saturday, 27 December 2014 - 17:36
Brazilian oil company Petrobras sued by US city.
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The US city of Providence, Rhode Island is suing the Brazilian state-run oil company Petrobras over investor losses due to a corruption scandal.

Unlike other class actions, some of the company's senior executives have also been named as defendants.

Providence alleges that Petrobras made false statements to investors that inflated the company's value.
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