IN RE PETROBRAS SECURITIES LITIGATION

No. 14-cv-9662 (JSR).

In re: PETROBRAS SECURITIES LITIGATION.

United States District Court, S.D. New York.

February 1, 2016.


Attorney(s) appearing for the Case

Universities Superannuation Scheme Limited, Lead Plaintiff, represented by Emma Gilmore , Pomerantz LLP, Jeremy Alan Lieberman , Pomerantz LLP, Marc Ian Gross , Pomerantz LLP, Brenda F. Szydlo , Grant & Eisenhofer P.A., Jennifer Pafiti , Pomerantz LLP, John Anthony Kehoe , Girard Gibbs LLP, Justin Solomon Nematzadeh , Pomerantz LLP, Patrick Vincent Dahlstrom , Pomerantz LLP & Susan Jessica Weiswasser , Pomerantz LLP.

Peter Kaltman, Plaintiff, represented by Chet Barry Waldman , Wolf Popper LLP, Fei-Lu Qian , Wolf Popper LLP, Lester L. Levy, Sr , Wolf Popper LLP & Robert Craig Finkel , Wolf Popper LLP.

Union Asset Management Holding AG, Plaintiff, represented by Christopher F. Moriarty , Motley Rice LLC, William H. Narwold , Motley Rice LLC & Jeremy Alan Lieberman , Pomerantz LLP.

Employees' Retirement System of the State of Hawaii, Plaintiff, represented by Jeremy Alan Lieberman , Pomerantz LLP.

North Carolina Department of State Treasurer, Plaintiff, represented by Brenda F. Szydlo , Grant & Eisenhofer P.A., Justin Solomon Nematzadeh , Pomerantz LLP, Susan Jessica Weiswasser , Pomerantz LLP & Jeremy Alan Lieberman , Pomerantz LLP.

Aura Capital Ltd., Plaintiff, represented by Bruce Whitney Dona , Kahn Swick & Foti, LLC, Kim Elaine Miller , Kahn Swick & Foti, LLC & Lewis Stephen Kahn , Kahn Swick & Foti, LLC.

Dimensional Emerging Markets Value Fund, Plaintiff, represented by Dimensional Emerging Markets Value Fund.

DFA Investment Dimensions Group Inc. on behalf of its series Emerging Markets Core Equity Portfolio, Plaintiff, represented by DFA Investment Dimensions Group Inc. on behalf of its series Emerging Markets Core Equity Portfolio.

Emerging Markets Social Core Equity Portfolio and T.A. World ex U.S. Core Equity Portfolio, Plaintiff, represented by Emerging Markets Social Core Equity Portfolio and T.A. World ex U.S. Core Equity Portfolio.

DFA Investment Trust Company on behalf of its series The Emerging Markets Series, Plaintiff, represented by DFA Investment Trust Company on behalf of its series The Emerging Markets Series.

DFA Australia Limited solely in its capacity as responsible entity for the Dimensional Emerging Markets Trust, Plaintiff, represented by DFA Australia Limited solely in its capacity as responsible entity for the Dimensional Emerging Markets Trust.

DFA International Core Equity Fund and DFA International Vector Equity Fund by Dimensional Fund Advisors Canada ULC solely in its capacity as Trustee, Plaintiff, represented by DFA International Core Equity Fund and DFA International Vector Equity Fund by Dimensional Fund Advisors Canada ULC solely in its capacity as Trustee.

Dimensional Funds plc on behalf of its sub-fund Emerging Markets Value Fund, Plaintiff, represented by Dimensional Funds plc on behalf of its sub-fund Emerging Markets Value Fund.

Dimensional Funds ICVC on behalf of its sub-fund Emerging Markets Core Equity Fund, Plaintiff, represented by Dimensional Funds ICVC on behalf of its sub-fund Emerging Markets Core Equity Fund.

SKAGEN AS, Plaintiff, represented by SKAGEN AS.

Danske Invest Management A/S, Plaintiff, represented by Danske Invest Management A/S.

Danske Invest Management Company, Plaintiff, represented by Danske Invest Management Company.

New York City Employees' Retirement System, Plaintiff, represented by New York City Employees' Retirement System.

New York City Police Pension Fund, Plaintiff, represented by New York City Police Pension Fund.

Board of Education Retirement System of the City of New York, Plaintiff, represented by Board of Education Retirement System of the City of New York.

Teachers' Retirement System of the City of New York, Plaintiff, represented by Teachers' Retirement System of the City of New York.

New York City Fire Department Pension Fund;, Plaintiff, represented by New York City Fire Department Pension Fund.

New York City Deferred Compensation Plan, Plaintiff, represented by New York City Deferred Compensation Plan.

Forsta AP-Fonden, Plaintiff, represented by Forsta AP-Fonden.

Transamerica Income Shares, Inc., Plaintiff, represented by Transamerica Income Shares, Inc..

Transamerica Funds, Plaintiff, represented by Transamerica Funds.

Transamerica Series Trust, Plaintiff, represented by Transamerica Series Trust.

John Hancock Variable Insurance Trust, Plaintiff, represented by John Hancock Variable Insurance Trust.

John Hancock Funds II, Plaintiff, represented by John Hancock Funds II.

John Hancock Sovereign Bond Fund, Plaintiff, represented by John Hancock Sovereign Bond Fund.

John Hancock Bond Trust, Plaintiff, represented by John Hancock Bond Trust.

John Hancock Strategic Series, Plaintiff, represented by John Hancock Strategic Series.

John Hancock Investment Trust, Plaintiff, represented by JOhn Hancock Investment Trust.

JHF Income Securities Trust, Plaintiff, represented by JHF Income Securities Trust.

JHF Investors Trust, Plaintiff, represented by JHF Investors Trust.

JHF Hedged Equity & Income Fund, Plaintiff, represented by JHF Hedged Equity & Income Fund.

Aberdeen Emerging Markets Fund, Aberdeen Global Equity Fund, Plaintiff, represented by Aberdeen Emerging Markets Fund, Aberdeen Global Equity Fund.

Aberdeen Global Natural Resources Fund, Plaintiff, represented by Aberdeen Global Natural Resources Fund.

Aberdeen International Equity Fund, each a series of Aberdeen Funds; Aberdeen Canada Emerging Markets Fund, Plaintiff, represented by Aberdeen International Equity Fund, each a series of Aberdeen Funds; Aberdeen Canada Emerging Markets Fund.

Aberdeen Canada Socially Responsible Global Fund, Plaintiff, represented by Aberdeen Canada Socially Responsible Global Fund.

Aberdeen Canada Socially Responsible International Fund, Plaintiff, represented by Aberdeen Canada Socially Responsible International Fund.

Aberdeen Canada Funds EAFE Plus Equity Fund and Aberdeen Canada Funds Global Equity Fund, each a series of Aberdeen Canada Funds, Plaintiff, represented by Aberdeen Canada Funds EAFE Plus Equity Fund and Aberdeen Canada Funds Global Equity Fund, each a series of Aberdeen Canada Funds.

Aberdeen EAFE Plus Ethical Fund, Aberdeen EAFE Plus Fund, Aberdeen EAFE Plus SRI Fund, Aberdeen Emerging Markets Equity Fund, and Aberdeen Global Equity Fund, each a series of Aberdeen Institutional C, Plaintiff, represented by Aberdeen EAFE Plus Ethical Fund, Aberdeen EAFE Plus Fund, Aberdeen EAFE Plus SRI Fund, Aberdeen Emerging Markets Equity Fund, and Aberdeen Global Equity Fund, each a series of Aberdeen Institutional C.

Aberdeen Fully Hedged International Equities Fund, Plaintiff, represented by Aberdeen Fully Hedged International Equities Fund.

Aberdeen International Equity Fund, Plaintiff, represented by Aberdeen International Equity Fund.

Aberdeen Global Emerging Markets Equity Fund, Plaintiff, represented by Aberdeen Global Emerging Markets Equity Fund.

Aberdeen Global Ethical World Equity Fund; Aberdeen Global Responsible World Equity Fund, Plaintiff, represented by Aberdeen Global Ethical World Equity Fund; Aberdeen Global Responsible World Equity Fund.

Aberdeen Global World Equity Dividend Fund; Aberdeen Global World Equity Fund, Plaintiff, represented by Aberdeen Global World Equity Dividend Fund; Aberdeen Global World Equity Fund.

Aberdeen Global World Resources Equity Fund, Aberdeen Emerging Markets Equity Fund, Aberdeen Ethical World Equity Fund, Aberdeen Multi-Asset Fund, Aberdeen World Equity Fund, Aberdeen World Equity In, Plaintiff, represented by Aberdeen Global World Resources Equity Fund, Aberdeen Emerging Markets Equity Fund, Aberdeen Ethical World Equity Fund, Aberdeen Multi-Asset Fund, Aberdeen World Equity Fund, Aberdeen World Equity In.

Aberdeen Latin America Equity Fund, Inc., Plaintiff, represented by Latin America Equity Fund, Inc.

AAAID Equity Portfolio, Plaintiff, represented by AAAID Equity Portfolio.

Alberta Teachers Retirement Fund, Plaintiff, represented by Alberta Teachers Retirement Fund.

Aon Hewitt Investment Consulting, Inc., Plaintiff, represented by Aon Hewitt Investment Consulting, Inc..

Aurion International Daily Equity Fund, Plaintiff, represented by Aurion International Daily Equity Fund.

Bell Aliant Regional Communications Inc., Plaintiff, represented by Bell Aliant Regional Communications Inc..

City of Albany Pension Plan, Plaintiff, represented by City of Albany Pension Plan.

Desjardins Dividend Income Fund, Plaintiff, represented by Desjardins Dividend Income Fund.

Desjardins Emerging Markets Fund, Plaintiff, represented by Desjardins Emerging Markets Fund.

Desjardins Global All Capital Equity Fund, Plaintiff, represented by Desjardins Global All Capital Equity Fund.

Desjardins Overseas Equity Value Fund, Plaintiff, represented by Desjardins Overseas Equity Value Fund.

Devon County Council Global Emerging Market Fund, Plaintiff, represented by Devon County Council Global Emerging Market Fund.

Devon County Council Global Equity Fund, Plaintiff, represented by Devon County Council Global Equity Fund.

DGIA Emerging Markets Equity Fund L.P., Plaintiff, represented by DGIA Emerging Markets Equity Fund L.P..

Erie Insurance Exchange, Plaintiff, represented by Erie Insurance Exchange.

First Trust / Aberdeen Emerging Opportunity Fund, Plaintiff, represented by First Trust / Aberdeen Emerging Opportunity Fund.

GE UK Pension Common Investment Fund, Plaintiff, represented by GE UK Pension Common Investment Fund.

Hampshire County Council Global Equity Portfolio, Plaintiff, represented by Hampshire County Council Global Equity Portfolio.

London Borough of Hounslow Superannuation Fund, Plaintiff, represented by London Borough of Hounslow Superannuation Fund.

Mackenzie Universal Sustainable Opportunities Class, Plaintiff, represented by Mackenzie Universal Sustainable Opportunities Class.

Marshfield Clinic; Mother Theresa Care and Mission Trust, Plaintiff, represented by Marshfield Clinic; Mother Theresa Care and Mission Trust.

MTR Corporation Limited Retirement Scheme, Plaintiff, represented by MTR Corporation Limited Retirement Scheme.

Myria Asset Management Emergence M, Plaintiff, represented by Myria Asset Management Emergence M.

National Pension Service; and NPS Trust Active 14, Plaintiff, represented by National Pension Service; and NPS Trust Active 14.

Ohio Public Employees Retirement System, Plaintiff, represented by Joshua H Saltzman , Kaplan Fox & Kilsheimer LLP.

Washington State Investment Board, Plaintiff, represented by Washington State Investment Board.

Aberdeen Latin American Income Fund Limited, Plaintiff, represented by Aberdeen Latin American Income Fund Limited.

Aberdeen Global ex Japan Pension Fund ppit, Plaintiff, represented by Aberdeen Global ex Japan Pension Fund ppit.

FS International Equity Mother Fund, Plaintiff, represented by FS International Equity Mother Fund.

NN Investment Partners B.V., acting in the capacity of management, Plaintiff, represented by NN Investment Partners B.V., acting in the capacity of management.

NN Investment Partners B.V., acting in the capacity of management, Plaintiff, Pro Se.

NN Investment Partners B.V., acting in the capacity of management company of the mutual fund NN Global Equity Fund, Plaintiff, represented by NN Investment Partners B.V., acting in the capacity of management company of the mutual fund NN Global Equity Fund.

NN Investment Partners B.V., acting in the capacity of management company of the mutual fund NN Hoog Dividend Aandelen Fonds, Plaintiff, represented by NN Investment Partners B.V., acting in the capacity of management company of the mutual fund NN Hoog Dividend Aandelen Fonds.

NN Investment Partners B.V., acting in the capacity of management company of the mutual fund NN Institutioneel Dividend Aandelen Fonds, Plaintiff, represented by NN Investment Partners B.V., acting in the capacity of management company of the mutual fund NN Institutioneel Dividend Aandelen Fonds.

NN Investment Partners Luxembourg S.A., acting in the capacity of management company SICAV and its Sub-Funds, and NN (L) SICAV, for and on behalf of NN (L) Emerging Markets High Dividend, NN (L) First, Plaintiff, represented by NN Investment Partners Luxembourg S.A., acting in the capacity of management company SICAV and its Sub-Funds, and NN (L) SICAV, for and on behalf of NN (L) Emerging Markets High Dividend, NN (L) First.

Aura Capital Limited, Plaintiff, represented by Aura Capital Limited.

WGI Emerging Markets Fund, LLC, Plaintiff, represented by John Benjamin Bireley , Gibbs & Bruns L.L.P., Scott A. Humphries , Gibbs & Bruns L.L.P. & Kenneth E. Warner , Warner Partners, P.C..

Bill and Melinda Gates Foundation Trust, Plaintiff, represented by Scott A. Humphries , Gibbs & Bruns L.L.P..

Board of Regents of the University of Texas System, Plaintiff, represented by Board of Regents of the University of Texas System.

Trustees of the Estate of Bernice Pauahi Bishop d/b/a Kamehameha Schools, Plaintiff, represented by Trustees of the Estate of Bernice Pauahi Bishop d/b/a Kamehameha Schools.

Louis Kennedy, Consolidated Plaintiff, represented by Brian Philip Murray , Glancy Binkow & Goldberg LLP, Casey Edwards Sadler , Glancy Binkow & Goldberg LLP, Lionel Z. Glancy , Glancy & Binkow Goldberg LLP, Michael Goldberg , Glancy Binkow & Goldberg, LLP, Robert Vincent Prongay , Glancy Binkow & Goldberg LLP & Gregory Bradley Linkh .

Ken Ngo, Consolidated Plaintiff, represented by Erica Lauren Stone , The Rosen Law Firm, P.A. & Laurence Matthew Rosen , The Rosen Law Firm, P.A..

Jonathan Messing, Consolidated Plaintiff, represented by Francis Paul McConville , Pomerantz LLP & Jeremy Alan Lieberman , Pomerantz LLP.

Petrobras Plaintiff Group, Movant, represented by Alexis L. Collins , Cleary Gottlieb Steen & Hamilton LLP & Jason Robert D'Agnenica , Stull Stull & Brody.

Union Asset Management Holding AG, Movant, represented by Rebecca M Katz , Motley Rice LLC.

Handelsbanken Fonder AB, Movant, represented by Rebecca M Katz , Motley Rice LLC.

Plinio Kawakubo, Movant, represented by Phillip C. Kim , The Rosen Law Firm P.A..

Mossey Investments Ltd., Movant, represented by Robert Craig Finkel , Wolf Popper LLP.

Mr. Jacob Licht, Movant, represented by Robert Craig Finkel , Wolf Popper LLP.

Costa and Silva, Movant, represented by Adam M. Apton , Levi & Korsinsky LLP & Nicholas Ian Porritt , Levi & Korsinsky LLP.

Ohio Public Employees Retirement, Movant, represented by Donald R. Hall, Jr , Kaplan Fox & Kilsheimer LLP, Frederic Scott Fox, Sr , Kaplan Fox & Kilsheimer LLP, Hae Sung Nam , Kaplan Fox & Kilsheimer LLP & Robert N. Kaplan , Kaplan Fox & Kilsheimer LLP.

Public Employee Retirement System of Idaho, Movant, represented by Christopher J. Keller , Labaton Sucharow, LLP, Eric James Belfi , Labaton Sucharow, LLP, Frederic Scott Fox, Sr , Kaplan Fox & Kilsheimer LLP, Michael Walter Stocker , Labaton & Sucharow LLP & Thomas A. Dubbs , Labaton Sucharow, LLP.

Employees Retirement System of the State of Hawaii, Movant, represented by Christopher J. Keller , Labaton Sucharow, LLP, Eric James Belfi , Labaton Sucharow, LLP, Frederic Scott Fox, Sr , Kaplan Fox & Kilsheimer LLP, Michael Walter Stocker , Labaton & Sucharow LLP & Thomas A. Dubbs , Labaton Sucharow, LLP.

SKAGEN AS, Movant, represented by Darren J. Check , Kessler Topaz Meltzer & Check, LLP, Gregory M. Castaldo , Kessler Topaz Meltzer & Check, LLP, Katherine Mccracken Sinderson , Bernstein Litowitz Berger & Grossmann LLP, Max Wallace Berger , Bernstein Litowitz Berger & Grossmann LLP, Michael Dains Blatchley , Bernstein Litowitz Berger & Grossmann LLP, Naumon A. Amjed , Kessler Topaz Meltzer & Check, LLP & Salvatore Jo Graziano , Bernstein Litowitz Berger & Grossmann LLP.

Danske Invest Management A/S, Movant, represented by Darren J. Check , Kessler Topaz Meltzer & Check, LLP, Gregory M. Castaldo , Kessler Topaz Meltzer & Check, LLP, Katherine Mccracken Sinderson , Bernstein Litowitz Berger & Grossmann LLP, Max Wallace Berger , Bernstein Litowitz Berger & Grossmann LLP, Michael Dains Blatchley , Bernstein Litowitz Berger & Grossmann LLP, Naumon A. Amjed , Kessler Topaz Meltzer & Check, LLP & Salvatore Jo Graziano , Bernstein Litowitz Berger & Grossmann LLP.

Danske Invest Management Company, Movant, represented by Darren J. Check , Kessler Topaz Meltzer & Check, LLP, Gregory M. Castaldo , Kessler Topaz Meltzer & Check, LLP, Katherine Mccracken Sinderson , Bernstein Litowitz Berger & Grossmann LLP, Max Wallace Berger , Bernstein Litowitz Berger & Grossmann LLP, Michael Dains Blatchley , Bernstein Litowitz Berger & Grossmann LLP, Naumon A. Amjed , Kessler Topaz Meltzer & Check, LLP & Salvatore Jo Graziano , Bernstein Litowitz Berger & Grossmann LLP.

Petroleo Brasileiro S.A.- Petrobras, Defendant, represented by Roger Allen Cooper , Cleary Gottlieb, David L. Schwarz , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, Joshua D. Branson , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. & Lewis J. Liman , Cleary Gottlieb.

Jose Sergio Gabrielli, Defendant, represented by Roger Allen Cooper , Cleary Gottlieb.

PrivewaterhouseCoopers Auditores Independentes, Defendant, represented by Israel Dahan , King & Spalding LLP, James J. Capra, Jr , King & Spalding LLP, Kenneth Yeatts Turnbull , King & Spalding LLP, Lauren Webb Mitchell , King & Spalding LLP & Michael Pauze , King & Spalding LLP.

BB Securities Ltd., Defendant, represented by Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP.

Theodore Marshall Helms, Defendant, represented by Elizabeth Vicens , Cleary Gottlieb, Erica Klipper , Cleary Gottlieb Steen & Hamilton LLP, Jared Mitchell Gerber , Cleary Gottlieb, Lewis J. Liman , Cleary Gottlieb & Luke Ashe Barefoot , Cleary Gottlieb.

Petrobras Global Finance, B.V., Defendant, represented by Alexis L. Collins , Cleary Gottlieb Steen & Hamilton LLP, David L. Schwarz , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, Elizabeth Vicens , Cleary Gottlieb, Erica Klipper , Cleary Gottlieb Steen & Hamilton LLP, Jared Mitchell Gerber , Cleary Gottlieb, Joshua D. Branson , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., Lewis J. Liman , Cleary Gottlieb, Luke Ashe Barefoot , Cleary Gottlieb, Rebecca A. Beynon , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. & Reid Mason Figel , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C..

Petroleo Brasileiro S.A.- Petrobras, Defendant, represented by Alexis L. Collins , Cleary Gottlieb Steen & Hamilton LLP, Elizabeth Vicens , Cleary Gottlieb, Erica Klipper , Cleary Gottlieb Steen & Hamilton LLP, Jared Mitchell Gerber , Cleary Gottlieb, Lewis J. Liman , Cleary Gottlieb, Luke Ashe Barefoot , Cleary Gottlieb, Rebecca A. Beynon , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. & Reid Mason Figel , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C..

Petrobras America Inc., Defendant, represented by Lewis J. Liman , Cleary Gottlieb, Alexis L. Collins , Cleary Gottlieb Steen & Hamilton LLP, David L. Schwarz , Kellogg, Huber, Hansen, Todd, Evans & Figel, PLLC, Elizabeth Vicens , Cleary Gottlieb, Jared Mitchell Gerber , Cleary Gottlieb, Joshua D. Branson , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., Luke Ashe Barefoot , Cleary Gottlieb, Rebecca A. Beynon , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., Reid Mason Figel , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C. & Roger Allen Cooper , Cleary Gottlieb.

Petrobras Global Finance B.V., Consolidated Defendant, represented by Roger Allen Cooper , Cleary Gottlieb.

Maria Das Gracas Silva Foster, Consolidated Defendant, represented by Roger Allen Cooper , Cleary Gottlieb.

Paulo Jose Alves, Consolidated Defendant, represented by Roger Allen Cooper , Cleary Gottlieb.

Marcos Antonio Zacarias, Consolidated Defendant, represented by Roger Allen Cooper , Cleary Gottlieb.

Theodore Marshall Helms, Consolidated Defendant, represented by Roger Allen Cooper , Cleary Gottlieb.

BB Securities Ltd., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Citigroup Global Markets Inc., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

ITAU BBA USA Securities, Inc., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

JP Morgan Securities LLC, Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Morgan Stanley & Co. LLC, Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Santander Investment Securities Inc., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Banco Votorantin Nassau Branch, Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP & Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP.

Mitsubishi UFJ Securities (USA), Inc., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

HSBC Securities (USA) Inc., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Merril Lynch, Pierce, Fenner & Smith Incorporated, Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Standard Chartered Bank, Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Bank of China (Hong Kong) Limited, Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Banco Bradesco BBI S.A., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Banca IMI S.P.A., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.

Scotia Capital (USA) Inc., Consolidated Defendant, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, Jeremy A. Berman , Skadden, Arps, Slate, Meagher & Flom LLP & William John O'Brien, III , Skadden, Arps, Slate, Meagher & Flom LLP.


OPINION AND ORDER

Lead Plaintiff Universities Superannuation Scheme Ltd. ("USS") brings this putative class action against Brazilian oil company Petróleo Brasileiro S.A. — Petrobras ("Petrobras"); two of Petrobras' wholly-owned subsidiaries, Petrobras Global Finance, B.V. ("PGF")

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