Overview

• Judge Ana Laura Correa Rodrigues of the São Paulo 3rd Civil Court rejected Bradesco’s filing and extinguished the case without a ruling on the merits.
• Bradesco had sought to bar Borlenghi from selling assets and alleged he engaged in conduct to defraud creditors and conceal property.
• The decision says there are no concrete indications of concealment or dissipation of assets and characterizes the situation as a punctual financial issue.
• Separately in Rio de Janeiro, Ambipar is suing Bradesco and Opportunity, alleging they prematurely enforced guarantees tied to Borlenghi.
• Ambipar’s shares have dropped about 90% on B3 in recent weeks during the company’s legal and financial turmoil.