The Foundation provides a vehicle to litigate on behalf of Petrobras investors and/or to establish a binding settlement that, together with the US class action, provides for a truly global settlement. Additional goals of the collective litigation include increasing the level of influence of independent directors and safeguarding the interest of all stakeholders through improvement in compliance standards and control measures, to a level normally expected by international institutional investors.
It is important that investors (a) who purchased common and preferred shares of Petrobras and/or bonds issued by Petrobras Global Finance B.V. or Petrobras International Finance Company S.A. anytime before July 28, 2015 anywhere except in the U.S.A. and (b) suffered and/or are in danger of suffering (further) damages as a consequence of the alleged fraud, contact ISAF Petrobras so that it can determine eligibility to pursue claims in the Dutch court system. Eligible damaged investors can join the Foundation with no upfront cost or risk.
No Cure-No Pay
The Foundation works closely together with ISAF Petrobras. Damaged investors can join at no upfront financial risk or commitment. ISAF Petrobras absorbs all costs associated with the litigation, including: fixed legal fees, expert fees, court fees, and claims processing fees (if litigation is successful), as well as all other costs associated with plaintiff liability (so-called “Loser Pays” insurance). In exchange for financing the Foundation, ISAF Petrobras will collect a contingency fee if the litigation results in a successful financial outcome for damaged investors.
For joining and more information: https://isafmanagement.com