Summary by Moomoo AI
Petroleo Brasileiro SA Petrobras (Petrobras) has announced that the Federal Regional Court of the 3rd Region has issued a decision on April 16, 2024, to suspend the effects of a previous ruling that barred Mr. Sérgio Machado Rezende from serving as a board member of the company. This decision comes as a follow-up to the company's April 8 announcement regarding the popular action in progress at the 21st Federal Civil Court of São Paulo. Petrobras has reiterated its commitment to maintaining the integrity of its internal governance procedures and has stated that it will continue to defend its position. The company has assured that any material facts related to this matter will be disclosed to the market as necessary.