February 21, 2018 / 11:04 PM / 3 months ago

Brazilian petrochemical Braskem to settle lawsuit for $10 mln -filing

SAO PAULO, Feb 21 (Reuters) - Brazilian petrochemical producer Braskem SA said in a securities filing on Wednesday a U.S. court has approved a proposal to settle a class action lawsuit with a $10 million payment.

Shareholders that acquired American Depositary Receipts of the company will be entitled to the payment, the filing said. (Reporting by Tatiana Bautzer; editing by Grant McCool)

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