Big money lawsuits stir doubt in Brazilian stock market

Sooner or later within the coming months, Brazil’s Superior Court docket of Justice (STJ) is anticipated to strive an previous however extremely consequential case involving São Paulo inventory alternate B3 and the Central Financial institution. Greater than twenty years after the swimsuit was initially filed, the bourse seems barely much less sure about its possibilities of profitable — not least as a result of the dispute entails billions of Brazilian Reais.

The case refers back to the position of the Central Financial institution and B3 — then referred to as BM&F (Brazilian Mercantile and Futures Change) — in operations carried out on the futures market to help Brazilian banks…