June 25, 2018 / 11:58 AM / a year ago

Brazil's Petrobras says deal approved to settle U.S. class action-filing

SAO PAULO, June 25 (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA said it obtained approval for a deal to a settle class action in the United States, according to a securities filing on Monday.

The deal was approved definitely last Friday by a federal court in New York, the company said without providing additional details. The approval may be appealed at a higher court, said Petrobras, adding the settlement does not constitute admission of any wrongdoing in connection with a corruption investigation in Brazil known as “Car Wash”. (Reporting by Ana Mano)

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