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In re Banco Bradesco S.A. Securities Litigation
Case Number:
1:16-cv-04155
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 02, 2019
Brazilian Bank To Pay $14.5M To End Investor Suit Over Bribes
Investors in Brazilian bank Banco Bradesco SA asked a New York federal court on Monday to give the initial green light to a $14.5 million cash settlement to end a stock-drop suit against the bank for allegedly artificially inflating its securities prices by hiding a tax bribery scheme.
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August 20, 2018
Banco Bradesco Investors Seek Cert. In Bribery Suit
Two institutional investors asked a New York federal court on Friday to certify a class of shareholders in a suit alleging that Banco Bradesco SA made a series of misstatements to conceal a tax bribery scheme, saying the Brazilian bank's lies artificially inflated the price of its preferred American depositary shares.