In re Eletrobras Securities Litigation, Case No. 15-cv-5754-JGK
Welcome to the settlement website for the In re Eletrobras Securities Litigation (the “Action”).
If you purchased or otherwise acquired Eletrobras common and/or preferred American Depositary Shares between August 17, 2010 and June 24, 2015, you could be entitled to a payment from this class action settlement (the “Settlement”).
The purpose of this website is to inform you of the pendency of this Action as a class action and the proposed Settlement of the Action and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement as well as counsel’s application for fees, costs, and expenses. Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Claim Form, both of which can be found and downloaded from this website on the Documents page. Please read the Notice.
The Notice describes in detail the rights you may have in connection with your participation in the Settlement, what steps you may take in relation to the Settlement and this class action, and, alternatively, what steps you must take if you wish to be excluded from the Settlement Class and this Action. If you are a Settlement Class Member (as defined in the Notice), your legal rights are affected whether you act or do not act. Please read the Notice and other relevant case documents to fully understand your rights.
The Settlement resolves claims by Settlement Class Members. If approved by the Court, the Settlement will provide Fourteen Million Seven Hundred Fifty Thousand Dollars in cash ($14,750,000.00).
The Settlement Class includes:
All persons who purchased or otherwise acquired Eletrobras common and/or preferred American Depositary Shares (trading symbols EBR and EBR.B, respectively) either on a United States exchange or pursuant to other Covered Transactions between August 17, 2010 and June 24, 2015, inclusive (the “Class Period”).