Air Amazonia settles insider trading claim

Brazil's Lanna Ribeiro, Carneiro de Souza & Fragoso Pires – Advogados has helped a former director at airline Air Amazonia reach a settlement with Brazil's securities regulator, Comissão de Valores Mobiliários (CVM) over claims that he used privileged information to profit from a joint venture between oil and gas exploration company HRT and state-owned Petrobras.