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Court rejects ABRADIN case against AXIA Energia (NYSE: EBR)
The Federal Regional Court of the 2nd Region dismissed the appeal by ABRADIN, an investors’ association, against AXIA Energia S.A. (EBR). The lawsuit alleged investor losses due to the company’s privatization and corporate restructuring, as well as inadequate consideration for transfers related to Itaipu Binacional and Eletronuclear S.A. The court upheld a prior judgment in favor of AXIA Energia, definitively closing the case.