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Brazil's Braskem agrees to settle U.S. class action for $10 mln
September 14, 2017 / 9:52 PM / 2 months ago

Brazil's Braskem agrees to settle U.S. class action for $10 mln

RIO DE JANEIRO, Sept 14 (Reuters) - Brazilian petrochemical company Braskem SA said on Thursday it has signed an agreement to settle a class action lawsuit with a $10 million payment.

Under the accord, which requires court approval, the money will be paid to investors who acquired American Depositary Receipts (ADRs) in Braskem between July 2010 and March 2015.

Reporting by Alexandra Alper; Editing by Leslie Adler

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