NEW YORK, March 26 (Bernama-BUSINESS WIRE) -- The following statement is being issued by Pomerantz LLP regarding In re Petrobras Securities Litigation.
Important Legal Notice from the United States District Court for the Southern District of New York Two proposed settlements have been reached in a securities class action lawsuit brought by investors against Petróleo Brasileiro S.A. (“Petrobras”) and certain of its affiliates, underwriters, external auditors, and current and former directors and officers. The Settlements include certain securities issued by Petrobras. Petrobras, the Underwriter Defendants, and PricewaterhouseCoopers Auditores Independentes (“PwC Brazil”) deny any and all allegations of wrongdoing, and the District Court has not decided who is right. If you requested exclusion in response to the previously mailed notice of pendency of class action dated May 9, 2016, you are included in this Settlement, and you must request exclusion again if you do not want to be included in the Settlement Class. Am I included in the proposed Settlements? You are encouraged to visit the website www.PetrobrasSecuritiesLitigation.com to see if you are included in the Settlement Class. The Settlement Class includes all Persons who: (a) during the time Period between January 22, 2010 and July 28, 2015, inclusive (the “Class Period”), purchased or otherwise acquired Petrobras Securities, including debt securities issued by PifCo and/or PGF, on the New York Stock Exchange or pursuant to other Covered Transactions; and/or (b) purchased or otherwise acquired debt securities issued by Petrobras, PifCo, and/or PGF, in Covered Transactions, directly in, pursuant and/or traceable to a May 13, 2013 public offering registered in the United States and/or a March 10, 2014 public offering registered in the United States before Petrobras made generally available to its security holders an earnings statement covering a period of at least twelve months beginning after the effective date of the offerings (August 11, 2014 in the case of the May 13, 2013 public offering and May 15, 2015 in the case of the March 10, 2014 public offering). For purposes of the Settlements, “Covered Transaction” means any transaction that satisfies any of the following criteria: (i) any transaction in a Petrobras Security listed for trading on the New York Stock Exchange (“NYSE”); (ii) any transaction in a Petrobras Security that cleared or settled through the Depository Trust Company’s book-entry system; or (iii) any transaction in a Petrobras Security to which the United States securities laws apply, including as applicable pursuant to the Supreme Court’s decision in Morrison v. National Australia Bank, 561 U.S. 247 (2010). The full definition of the Settlement Class, as well as full lists of Petrobras Securities eligible to satisfy criteria (i), (ii), and (iii) are available at: www.PetrobrasSecuritiesLitigation.com. What do the Settlements provide? Petrobras, the Underwriter Defendants, and PwC Brazil have agreed to Settlements with a combined value of US$3 billion (US$3,000,000,000.00). The proposed settlement could provide for a cash payment depending upon: which securities you purchased or acquired; the number of eligible securities that you purchased or acquired; and when you purchased or acquired the eligible securities. How can I get a Payment? You must submit a Proof of Claim to receive payment postmarked or submitted by June 9, 2018. Visit the website and file a Proof of Claim online, or download one and file by mail. What are my other options? If you do not want to be legally bound by the Settlement, you must exclude yourself by submitting a written Request for Exclusion Form so that it is received no later than April 27, 2018. If you do not exclude yourself, you will release any claims you may have against Petrobras, the Underwriter Defendants, and PwC Brazil and certain other Released Parties. You may object to the Settlement by submitting a written objection so that it is received no later than May 11, 2018. You cannot both exclude yourself from, and object to, the Settlement. The longer Notice available on the website listed below explains how to exclude yourself or object. The court will hold a Settlement Hearing on June 4, 2018 to consider whether to finally approve the Settlement and a request for attorneys’ fees of up to 9.5% of the total Settlement Amount, which is $285,000,000.00, and a compensatory award of up to $400,000 for the Class Representatives. You may appear at the Settlement Hearing, either by yourself or through an attorney hired by you, but you do not have to. For more information, including the relief, eligibility, and release of claims, call the number or visit the website below. 1-855-907-3218 www.PetrobrasSecuritiesLitigation.com View source version on businesswire.com: https://www.businesswire.com/news/home/20180319005014/en Contact Pomerantz LLP Jeremy A. Lieberman, Esq., 212-661-1100 Source : Pomerantz LLP --BERNAMA
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SINGAPORE, March 26 (Bernama-BUSINESS WIRE) -- Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, has scored honors at the prestigious Datacloud Asia Awards 2018 event in Singapore, winning the ‘Excellence in Data Center Services Award, South East Asia’. In addition, GCX Chairman and CEO Bill Barney was honored with the ‘Data Center Thought Leadership Award’ in recognition of his significant contributions to the Data Center industry.
The Datacloud Asia awards, one of the most revered accolades in the technology sector, recognize innovation and excellence in the flourishing Asia digital infrastructure market. Winners of this year’s awards in all categories were chosen by an independent expert panel of Judges from across the Data Center and Cloud industry segments, with the objective of recognizing excellence in Data Centre and Cloud Services and Operations. "Bill Barney is someone we have observed over many years—an industry veteran with tremendous insight and experience, a brilliant exponent of Cloud, and possessing remarkable depth of insight into the challenges and opportunities that lie ahead in the sector. For all these reasons, he was rightly awarded ‘Thought Leader of the Year at Datacloud Asia 2018’,” said Philip Low, Chairman, BroadGroup. http://mrem.bernama.com/viewsm.php?idm=31521 JASIN, March 25 (Bernama) – The Melaka state government has agreed to provide 2,000 hectares of land in Sungai Rambai here for the cultivation of fragrant rice as the fragrant rice valley of the state.
Chief Minister Datuk Seri Idris Haron said the area in the district would become a centre of fragrant rice as the production of fragrant rice would be carried out in a controlled environment compared to other places. He said fragrant rice needed to be controlled from planting, harvesting to milling as well as packaging for customers to compete with other rice of the same quality. “Agriculture and Agro-based Industry Ministry has approved an allocation of RM2.9 million for the purpose of constructing a fragrant rice drying plant to ensure controlled quality,” he told reporters after a ground breaking ceremony of the Mardi fragrant rice pilot project here, today. Parit Penghulu, Sungai Rambai here was selected by Mardi for the fragrant rice cultivation pilot project for the MRQ74 variety and currently more than 40 hectares have been planted with this variety of padi. -- BERNAMA KUALA LUMPUR, March 23 (Bernama) -- VistaJet Ltd, a global private aviation company, partners with British Polo Day for the 2018 worldwide tournament to offer its customers the opportunity to enrich their passion for polo.
VistaJet, in a statement said the partnership followed a successful inaugurate partnership last year. It's global partnership with British Polo Day will offer customers an exclusive opportunity to enjoy one of their most cherished interests by watching some of the sport's top players, including the world's number one player Adolfo Cambiaso. The tournament beginning March 24, will be held in the most spectacular and iconic settings, such as the enchanting Umaid Bhawan Palace in Jodhpur, India. Customers will travel to all British Polo Day's exclusive 2018 fixtures, starting in Abu Dhabi and then onto Dubai, New York, Henley-upon-Thames near London, and Beijing before culminating in Jaipur and Jodphur, India in December. The company continuously develops and offers exceptional experiences for its customers inspired by their true passions, including art, sports and travel, across all cultures worldwide. "Our customers' passions become our passions and supporting them is a cornerstone of the VistaJet brand. In partnering on such opportunities with British Polo Day, we are able to continue to deliver second-to-none events to our community," said chief commercial officer of VistaJet, Ian Moore. Originating in ancient Persia, polo has been played for over 2,600 years with the modern game beginning in Northeastern India in 1859. From there, polo spread across Europe, South America, Asia, Australia and then North America. British Polo Day was founded in Dubai in 2009, building relationships around a global community through a series of distinct experiences in iconic destinations which has defined British Polo Day since its inception. More British Polo Day information and news at britishpoloday.com. -- BERNAMA KUALA LUMPUR, March 21 (Bernama) -- For the third consecutive year, Young Presidents' Organization Inc (YPO) will host Innovation Week, a series of more than 50 events around the world. Designed to bring the most dynamic innovators for a chance to network, overturn conventional thinking and come away inspired with actionable, applicable insight, YPO Innovation Week will be held from May 7 to 11, 2018. The events will be hosted across the globe from Sydney, Australia to London, England; New York, USA; Santo Domingo, Dominican Republic to Palo Alto, California, USA and Nairobi, Kenya among the over 30 countries. YPO Innovation Week has become a global stage where next-generation innovations are welcomed and the latest trends in innovation are adopted. YPO, in a statement said the mission of the Innovation Week is to drive innovation and transformation across a diverse range of industries and sectors through signature events, live interactive video casts and livestream events. Business leaders and pioneering thinkers will engage in a week-long forum discussing the most important innovations affecting business today, including augmented and virtual reality, vehicle technology, digital imaging, wearables, smart home, sensors and more. The Innovation Week will allow the business leaders with learning and networking opportunities to infuse innovation into their companies, form strategic partnerships, and positively affect their businesses and the communities in which they work. They will also be able to leverage new partnerships in innovation, fortify innovation into the heart of their company culture and convert ideas into actionable plans. One of the highlights is the Real Estate Roundtable Latin America in Santo Domingo, Dominican Republic on May 6 to 8, 2018 which will explore what is driving success in real estate across the Dominican Republic and the Latin American region, including opportunities in Brazil, Mexico and Colombia. Additionally, the roundtable event will focus on the newest trends in digital marketing and how services, products, processes and operations are being reimagined through the digital lens for real estate initiatives. Another is the 'World Technology Summit 2018: What's the Future>' to be held on May 8 to 10, in New York, USA which will feature amazing advancements in New York City's most promising tech incubators as well as opportunities to meet developers creating the next generation of disruptive innovation in healthcare, finance, education, marketing and social good. YPO Innovation Week focuses on making innovative ideas actionable by creating a 360-degree environment for members to learn from each other, from pioneering global innovators and the world's most innovative companies,? said YPO Innovation Week chair Keith Alper, founder and chief executive officer of Geniecast. YPO is the global platform for chief executives to engage, learn and grow. Today, the organisation empowers more than 25,000 members in more than 130 countries, diversified among industries and types of businesses. For more information about the events, visit http://www.ypoinnovationweek.com -- BERNAMA |
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