Petrobras settles four more lawsuits with investors in the U.S

The logo of Brazil's state-run Petrobras oil company is seen on a tank in Sao Caetano do Sul

SAO PAULO (Reuters) – Brazil’s state-run oil company PetrĂ³leo Brasileiro SA, or Petrobras, said on Friday its board has approved settlements with investors in four more lawsuits in a U.S. federal court in New York.

In a securities filing, Petrobras said the new settlements would raise total provisions for the lawsuits to $372 million in the fourth quarter, $8 million above the quarter ended in September. The company is settling with New York City Employees Retirement System, Transamerica Income Shares, Internationale Kapitalanlagegesellschaft mbH and Lord Abbett Investment Trust.

(Reporting by Marcelo Teixeira; Editing by Jonathan Oatis)