99-2347; 99-2393•02a0020p.06
6FKZDUW]HWDOY6XQ&R,QF 1RV
BBBBBBBBBBBBBBBBB
',66(17
BBBBBBBBBBBBBBBBB
68+5+(,15,&+ &LUFXLW -XGJH GLVVHQWLQJ , GLVVHQW
IURPWKHPDMRULW\ VFRQFOXVLRQWKDWWKHUHZDVHQRXJKHYLGHQFH
SURGXFHGDWWULDOWRVXSSRUWWKHMXU\ VILQGLQJRIOLDELOLW\RQ
WKH DQWLWUXVW FRPSRQHQW RI WKH DOOHJHG 5RELQVRQ3DWPDQ
YLRODWLRQ7KHGLVWULFWMXGJHVHWDVLGHWKHMXU\ VYHUGLFWDIWHU
H[DPLQLQJWKHUHFRUGDQGILQGLQJWKDWWKHUHZDVQRWHQRXJK
HYLGHQFHIRUWKHMXU\WRFRQFOXGHE\DSUHSRQGHUDQFHRIWKH
HYLGHQFHWKDWWKHORVWVDOHVDW3ODLQWLIIV VHUYLFHVWDWLRQVZHUH
FDXVHGE\WKHGLIIHUHQFHEHWZHHQWKHUDFNSULFHDQGWKH'7:
SULFH,DJUHHZLWKWKHGLVWULFWMXGJHDQGDGRSWWKHDQDO\VLVLQ
KLVRSLQLRQRI'HFHPEHUDVP\GLVVHQW
7KH +RQRUDEOH 6RORPRQ 2OLYHU -U 8QLWHG 6WDWHV 'LVWULFW -XGJH IRU
WKH 1RUWKHUQ 'LVWULFW RI 2KLR VLWWLQJ E\ GHVLJQDWLRQ
5(&200(1'(' )25 )8//7(;7 38%/,&$7,21
3XUVXDQW WR 6L[WK &LUFXLW 5XOH
(/(&7521,& &,7$7,21 )(' $SS 3 WK &LU
)LOH 1DPH DS
81,7('67$7(6&28572)$33($/6
)257+(6,;7+&,5&8,7
BBBBBBBBBBBBBBBBB
7+20$6 0 6&+:$57=
6&+:$57= 6(59,&(6 /7'
7 - (17(535,6(6
3ODLQWLIIV$SSHOODQWV
&URVV$SSHOOHHV
Y
681 &2 ,1& 5 0
'HIHQGDQW$SSHOOHH
&URVV$SSHOODQW
;!
1
1RV
$SSHDOIURPWKH8QLWHG6WDWHV'LVWULFW&RXUW
IRUWKH(DVWHUQ'LVWULFWRI0LFKLJDQDW'HWURLW
1R²$YHUQ&RKQ'LVWULFW-XGJH
$UJXHG-DQXDU\
'HFLGHGDQG)LOHG-DQXDU\
%HIRUH0$57,1&KLHI-XGJH68+5+(,15,&+&LUFXLW
-XGJH2/,9(5'LVWULFW-XGJH
-- 1 of 4 --
6FKZDUW]HWDOY6XQ&R,QF 1RV
BBBBBBBBBBBBBBBBB
&2816(/
$5*8('+DUU\&6WRUP$%5$06:(6767250
',$021' %HWKHVGD 0DU\ODQG IRU $SSHOODQWV $
&KULVWRSKHU <RXQJ 3(33(5 +$0,/721 //3
3KLODGHOSKLD 3HQQV\OYDQLD IRU $SSHOOHH 21 %5,()
+DUU\&6WRUP$%5$06:(6767250 ',$021'
%HWKHVGD0DU\ODQGIRU$SSHOODQWV$&KULVWRSKHU<RXQJ
:LOOLDP-%UHQQDQ-DPHV0%URJDQ3(33(5+$0,/721
//33KLODGHOSKLD3HQQV\OYDQLD-DPHV10DUWLQ$P\0
-RKQVWRQ 0$57,1 %$&21 0$57,1 0W &OHPHQV
0LFKLJDQIRU$SSHOOHH
0$57,1 & - GHOLYHUHG WKH RSLQLRQ RI WKH FRXUW LQ
ZKLFK2/,9(5'-MRLQHG68+5+(,15,&+- S
LVVXHGDVHSDUDWHGLVVHQWLQJRSLQLRQ
BBBBBBBBBBBBBBBBB
23,1,21
BBBBBBBBBBBBBBBBB
%2<&()0$57,1-5&KLHI-XGJH2Q-XQH
SODLQWLII7KRPDV6FKZDUW]WKHIUDQFKLVHHRUFRIUDQFKLVHHRI
VHYHUDO JDV VWDWLRQV LQ WKH )OLQW 0LFKLJDQ DUHD VXHG KLV
IUDQFKLVHU6XQ&RPSDQ\EHFDXVH6XQZDVVHOOLQJLWV6XQRFR
EUDQGJDVWRFRPSHWLQJVWDWLRQVDWSULFHVORZHUWKDQWKHSULFH
6XQ ZDV FKDUJLQJ 6FKZDUW] 6FKZDUW] DVVHUWHG WKDW 6XQ V
WZRWLHUHG SULFLQJ VFKHPH ZDV DQWLFRPSHWLWLYH DQG
GLVFULPLQDWRU\ SXUVXDQW WR WKH 5RELQVRQ3DWPDQ $FW
86& D YLRODWHGWKHRSHQSULFHWHUPSURYLVLRQRIWKH
8QLIRUP&RPPHUFLDO&RGH0,&+ &203 /$:6
DQGFRQVWLWXWHGDEUHDFKRI6XQ VIUDQFKLVHDJUHHPHQWZLWK
KLP2Q)HEUXDU\WKHGLVWULFWFRXUWJUDQWHG6XQ
VXPPDU\MXGJPHQWRQWKHEUHDFKRIFRQWUDFWFODLP7KHMXU\
WULDO EHJDQ RQ 1RYHPEHU DQG ODVWHG QLQH GD\V 7KH
'HFHPEHUYHUGLFWDZDUGHG6FKZDUW]GDPDJHVLQWKHDPRXQW
RI ± DIWHU WUHEOLQJ VHH 86&
D RQWKH5RELQVRQ3DWPDQFODLPDQGRQWKH
1RV 6FKZDUW]HWDOY6XQ&R,QF
2LO3ULFH,QIRUPDWLRQ6HUYLFH6FKZDUW]KDGQRWKLQJRIWKH
VRUWDQGWKXVKHGLGQRWHVWDEOLVKKLVSULPDIDFLHFDVHRQWKLV
SRLQW7KHGLVWULFWFRXUWFRUUHFWO\VHWDVLGHWKLVSRUWLRQRIWKH
YHUGLFW
,,,
)RU WKH UHDVRQV VWDWHG KHUHLQ ZH $)),50 LQ SDUW DQG
5(9(56(LQSDUWDQG5(0$1' WRWKHGLVWULFWFRXUWIRU
IXUWKHUSURFHHGLQJVFRQVLVWHQWZLWKWKLVRSLQLRQ
-- 2 of 4 --
6FKZDUW]HWDOY6XQ&R,QF 1RV
WKHUH LV SULFH GLVFULPLQDWLRQ RI WKH VRUW LQYROYHG KHUH WKH
RYHUDOO ILQDQFLDO KHDOWK RI WKH GLVIDYRUHG SXUFKDVHU ZLOO
XVXDOO\ EH DIIHFWHG IRU WKH ZRUVH :H DOUHDG\ KDYH
UHFRJQL]HGWKLVSURSRVLWLRQLQRXUSUHFHGHQWV6HH.URJHUY
)7&)G WK&LU TXRWLQJ1DWLRQDO
'DLU\3URGXFWV&RUSY)7&)G WK&LU
,W LV XQQHFHVVDU\ WKDW WKHUH EH HYLGHQFH WKDW WKH
IDYRUHGFXVWRPHUDFWXDOO\XQGHUVROGKLVULYDOVDVXEVWDQWLDO
SULFHDGYDQWDJHFDQDIIRUGDIDYRUHGEX\HUDPDWHULDOFDSLWDO
DGYDQWDJH E\ HQODUJLQJ KLV SURILW PDUJLQ LQ D KLJKO\
FRPSHWLWLYHILHOG $XWRPRELOHJDVROLQHLVVXFKDILHOG,W
ZDVUHDVRQDEOHIRUWKHMXU\WRWLH6FKZDUW] VILQDQFLDOLQMXU\
WR6XQ VFRQGXFWHYHQLILWKDGDQLPSDFWRQO\RQKLVERWWRP
OLQH 7KLV GHWHUPLQDWLRQ VKRXOG QRW EH GLVWXUEHG DQG WKH
MXU\ V5RELQVRQ3DWPDQ$FWYHUGLFWIRU6FKZDUW]VKRXOGEH
UHLQVWDWHG
,,
7KH FRQWUDFW IRU JDVROLQH EHWZHHQ 6FKZDUW] DQG 6XQ
LQFOXGHGDQRSHQSULFHWHUPWKDWWKHVHOOHU6XQZRXOGIL[DW
WKH WLPH RI HDFK VDOH 7KH 8QLIRUP &RPPHUFLDO &RGH
SHUPLWVWKLVLIWKHXOWLPDWHSULFHVDUHVHWLQJRRGIDLWKD
FRQFHSW ZKLFK LQFOXGHV REVHUYDQFH RI UHDVRQDEOH
FRPPHUFLDOVWDQGDUGVRIIDLUGHDOLQJ0,&+ &203 /$:6
$11 2QWKLVLVVXH6FKZDUW]LQWURGXFHG
RQO\WKHQDNHGIDFWRI6XQ VSULFHGLVFULPLQDWLRQ:HDJUHH
ZLWKWKHGLVWULFWFRXUWWKDW6FKZDUW]IDLOHGWRLQWURGXFHDQ\
EDFNJURXQG HYLGHQFH DJDLQVW ZKLFK WKH FRPPHUFLDO
UHDVRQDEOHQHVVRIWKHSULFHV6XQKDGFKDUJHGKLPFRXOGEH
DVVHVVHG6XFKHYLGHQFHLVFULWLFDODMXU\PD\QRWGHFLGHLQ
DYDFXXPZKHWKHUDSDUWLFXODUSULFHIRUDSDUWLFXODULWHPLQD
SDUWLFXODULQGXVWU\LVDSSURSULDWH6HHHJ7&3,QGXV,QF
Y8QLUR\DO,QF)G WK&LU ,WZDV
LQFXPEHQWXSRQ6FKZDUW]WRSURYHWKDWWKHSULFHVKHSDLG6XQ
IRULWVJDVROLQHHYHQLIWKH\ZHUHKLJKHUWKDQZKDWRWKHUVLQ
WKHVDPHVLWXDWLRQSDLGIRUWKHVDPHSURGXFWZHUHLOOHJDO
+DG WKH UHDVRQDEOHQHVV RI WKH SULFHV WKDW WKH MREEHUV SDLG
EHHQ DW LVVXH ZH QRWH WKDW 6XQ RIIHUHG VRPH PHDVXUH E\
ZKLFKLWFRXOGKDYHEHHQDVFHUWDLQHGWKHGDLO\UHSRUWVRIWKH
1RV 6FKZDUW]HWDOY6XQ&R,QF
RSHQ SULFH WHUP FODLP +RZHYHU WKH GLVWULFW FRXUW
VXEVHTXHQWO\JUDQWHG6XQ VPRWLRQIRUMXGJPHQWDVDPDWWHU
RIODZVHH)(' 5 &,9 3 E YDFDWHGWKHHQWLUHDZDUG
DQGGLVPLVVHGWKHDFWLRQRQ2FWREHU:H$)),50
LQSDUWDQG5(9(56(LQSDUW
7ZRVHSDUDWHDOWKRXJKVLPLODUVWDQGDUGVRIUHYLHZDSSO\
WRWKLVDSSHDO$VDIHGHUDOTXHVWLRQWKH5RELQVRQ3DWPDQ
$FWLVVXHLVWUHDWHGDVLWZDVE\WKHGLVWULFWFRXUWLQWKHILUVW
SODFH6HH. 7(QWHUV,QFY=XULFK,QV&R)G
WK&LU 7KHHYLGHQFHVKRXOGQRWEHZHLJKHG
7KH FUHGLELOLW\ RI WKH ZLWQHVVHV VKRXOG QRW EH TXHVWLRQHG
7KHMXGJPHQWRIWKLVFRXUWVKRXOGQRWEHVXEVWLWXWHGIRUWKDW
RI WKH MXU\ ,G DW ,QVWHDG ZH PXVW YLHZ WKH
HYLGHQFH LQ WKH OLJKW PRVW IDYRUDEOH WR WKH SDUW\ DJDLQVW
ZKRPWKHPRWLRQLVPDGHGUDZLQJIURPWKDWHYLGHQFHDOO
UHDVRQDEOHLQIHUHQFHVLQKLVIDYRU 5LYHUYLHZ,QYV,QFY
2WWDZD&PW\,PSURYHPHQW&RUS)G WK
&LU TXRWLQJ0RUHORFNY1&5&RUS)G
WK&LU 2QWKHRWKHUKDQGWKHGLVWULFWFRXUW
VKRXOGEHDIILUPHGLIUHDVRQDEOHPLQGVFRXOGQRWFRPHWRD
FRQFOXVLRQ RWKHU WKDQ WKH RQH WKDW WKH FRXUW UHDFKHG 6HH
. 7(QWHUV)GDW)RUWKHRSHQSULFHWHUPFODLP
KRZHYHUDQLVVXHRIVWDWHODZZHH[DPLQHWKHTXHVWLRQDVD
0LFKLJDQVWDWHFRXUWZRXOG7KXVWKHGLVWULFWFRXUWVKRXOGEH
XSKHOG LI WKH HYLGHQFH LQWURGXFHG DW WULDO DQG DOO DYDLODEOH
UHDVRQDEOH LQIHUHQFHV IURP LW GLG QRW FUHDWH D SULPD IDFLH
FDVHDQGUHDVRQDEOHSHUVRQVZRXOGDJUHHWKDWWKHUHZDVDQ
HVVHQWLDOIDLOXUHRISURRI6HH$XWR&OXE,QV$VV QY*HQHUDO
0RWRUV&RUS1:G 0LFK
7KLVFDVHLVH[WUDRUGLQDULO\IDFWLQWHQVLYHDQGWKHUHFRUG
WKRURXJKO\ GRFXPHQWV WKH EXON RI WKRVH IDFWV $W WKLV
MXQFWXUHRXUUROHLVOLPLWHGWRDQDO\]LQJZKDW6FKZDUW]PXVW
KDYHVKRZQDWWULDOLQRUGHUWRSUHYDLODQGZKHWKHUKHFDQEH
VDLGWRKDYHGRQHVR:HFRQILQHRXUGLVFXVVLRQDFFRUGLQJO\
,
:HKDYHSUHYLRXVO\VXPPDUL]HGWKH5RELQVRQ3DWPDQ$FW
WRUHTXLUHSURRIWKDW WKHGHIHQGDQWGLVFULPLQDWHGLQSULFH
-- 3 of 4 --
6FKZDUW]HWDOY6XQ&R,QF 1RV
EHWZHHQGLIIHUHQWSXUFKDVHUVRIFRPPRGLWLHVRIOLNHJUDGH
DQGTXDOLW\DQG WKHHIIHFWRIWKDWGLVFULPLQDWLRQZDVWR
VXEVWDQWLDOO\OHVVHQFRPSHWLWLRQRUWHQGWRFUHDWHDPRQRSRO\
LQDQ\OLQHRIFRPPHUFH6HH'(5RJHUV$VVRFV,QFY
*DUGQHU'HQYHU &R )G WK &LU
7KHSDUWLHVGRQRWGLVSXWHWKDWWKHVRFDOOHGMREEHUV6XQ
GLVWULEXWRUV WKDW DOVR RSHUDWHG VWDWLRQV RI WKHLU RZQ ZHUH
UHFHLYLQJJDVROLQHIURP6XQDWORZHUSULFHVWKDQWKHRQHVDW
ZKLFK 6XQ ZDV VHOOLQJ LW WR 6FKZDUW] 6XQ GHIHQGV LWV
SUDFWLFH DV D IXQFWLRQDO GLVFRXQW MXVWLILHG E\ FHUWDLQ
VHUYLFHVWKDWWKHMREEHUVSHUIRUPHGRQLWVEHKDOI:HDJUHH
ZLWKWKHGLVWULFWFRXUWWKDW6XQIDLOHGWRVDWLVI\LWVEXUGHQRI
SURRI RQ WKLV SRLQW DQG WKXV WKDW WKH SULFH GLIIHUHQFH
DPRXQWHGWR5RELQVRQ3DWPDQGLVFULPLQDWLRQ6HH86&
E $SULYDWHSODLQWLII VVXFFHVVRQ5RELQVRQ3DWPDQ V
VHFRQGSURQJUHTXLUHVERWKDFRPSHWLWLYHLQMXU\HLWKHUD
SRWHQWLDOLQMXU\WRFRPSHWLWLRQJHQHUDOO\RUDGLPLQXWLRQRI
WKHEXVLQHVVRSSRUWXQLWLHVRIDGHILQHGFODVVRIFRPSHWLWRUV
DQG DQ DQWLWUXVW LQMXU\ D SUHVHQW LQMXU\ WKDW LV DFWXDOO\
WUDFHDEOH WR WKH EHQHILWV FRQIHUUHG XSRQ WKH IDYRUHG
FRPSHWLWRU $V WKH GLVWULFW FRXUW IRXQG 6FKZDUW] SURYHG
FRPSHWLWLYHLQMXU\6HH)7&Y0RUWRQ6DOW&R86
:H GLVDJUHH ZLWK WKH GLVWULFW FRXUW RQ WKH
VXIILFLHQF\RI6FKZDUW] VSURRIRIDQWLWUXVWLQMXU\
,WLVZHOOHVWDEOLVKHGWKDWSURYLQJDQWLWUXVWLQMXU\VKRXOGQRW
EH XQGXO\ ULJRURXV 6HH 6WHOZDJRQ 0IJ &R Y 7DUPDF
5RRILQJ 6\V )G G &LU
VXPPDUL]HGWKHDSSOLFDEOHODZ
%HFDXVH GDPDJH LVVXHV LQ WKHVH FDVHV DUH UDUHO\
VXVFHSWLEOH WR WKH NLQG RI FRQFUHWH GHWDLOHG SURRI RI
LQMXU\ZKLFKLVDYDLODEOHLQRWKHUFRQWH[WVWKH6XSUHPH
&RXUWKDVUHSHDWHGO\ KHOGWKDWLQWKHDEVHQFHRIPRUH
SUHFLVHSURRIWKHIDFWILQGHUPD\FRQFOXGHDVDPDWWHURI
MXVW DQG UHDVRQDEOH LQIHUHQFH IURP WKH SURRI RI
GHIHQGDQWV ZURQJIXO DFWV DQG WKHLU WHQGHQF\ WR LQMXUH
SODLQWLIIV EXVLQHVVDQGIURPWKHHYLGHQFHRIWKHGHFOLQH
1RV 6FKZDUW]HWDOY6XQ&R,QF
LQSULFHVSURILWVDQGYDOXHVQRWVKRZQWREHDWWULEXWDEOH
WRRWKHUFDXVHVWKDWGHIHQGDQWV ZURQJIXODFWVKDGFDXVHG
GDPDJHWRWKHSODLQWLIIV%LJHORZY5.23LFWXUHV,QF
86 VHHDOVR(DVWPDQ.RGDN&R
Y6RXWKHUQ3KRWR0DWHULDOV&R86
6WRU\ 3DUFKPHQW &R Y 3DWHUVRQ 3DUFKPHQW
3DSHU&R86 -7UXHWW3D\QH
&R Y &KU\VOHU 0RWRUV &RUS 86
TXRWLQJ =HQLWK 5DGLR &RUS Y +D]HOWLQH
5HVHDUFK,QF86 >6WLOO@
DOWKRXJK WKH SURRI UHTXLUHPHQWV DUH OHVV WKDQ
VWULQJHQW-))HHVHU,QFY6HUY$3RUWLRQ,QF
)G G &LU WKHUH PXVW EH VRPH
GLUHFWHYLGHQFHRILQMXU\WRVXSSRUWDQDZDUGRIGDPDJHV
6HHLG
:KHUHWKHUHLVHYLGHQFHDVLQWKLVFDVHZKLFKWHQGVWRVKRZ
WKDW6FKZDUW]¶VORVVHVZHUHDUHVXOWRI6XQ¶VFRQGXFWDVZHOO
DV HYLGHQFH ZKLFK WHQGV WR VKRZ WKDW KLV ORVVHV ZHUH
DWWULEXWDEOHWRRWKHUIDFWRUVLWLVQRUPDOO\XSWRWKHWULHURI
IDFWWRGHFLGHZKLFKLVWKHFDVH6HH&RVWQHUY%ORXQW1DW¶O
%DQN 0DU\YLOOH 7HQQ )G WK &LU
9LHZLQJWKHHYLGHQFHLQWKHOLJKWPRVWIDYRUDEOHWR
6FKZDUW]ZHEHOLHYHWKHUHZDVHQRXJKHYLGHQFHSURGXFHGDW
WULDOWRVXSSRUWWKHMXU\ VILQGLQJRIOLDELOLW\
,I QRWKLQJ HOVH 6FKZDUW] VKRZHG WKDW WKH YROXPH RI
JDVROLQH VROG DW KLV VWDWLRQV GHFUHDVHG ZKHQ WKH MREEHUV
RSHQHG6XQVWDWLRQVQHDUE\WKDWVROGWKHVDPHJDVDWDORZHU
UHWDLOSULFH,WZDVUHDVRQDEOHIRUWKHMXU\WRLQIHUIURPWKLV
WKDW6FKZDUW]FXVWRPHUVEHFDPHFXVWRPHUVRIWKHMREEHUV
ZKRZHUHRIIHULQJORZHUSULFHVEHFDXVHRIWKHORZHUSULFHDW
ZKLFKWKH\ZHUHUHFHLYLQJWKHJDVIURP6XQ,QGHHGFUHGLW
FDUG UHFHLSWV LQWURGXFHG DW WULDO LQGLFDWHG WKDW QXPHURXV
IRUPHU 6FKZDUW] FXVWRPHUV EHJDQ WR SDWURQL]H WKH MREEHU
ORFDWLRQVIRUWKHLUJDVROLQHQHHGV)XUWKHUPRUHZHILQGWKDW
WKH GRFXPHQWDU\ HYLGHQFH RI GLIIHUHQFHV LQ UHWDLO SULFH
LQVLVWHGXSRQE\WKHGLVWULFWFRXUWDVVXPLQJWKDWLWGRHVQRW
LQIDFWH[LVWLQWKHUHFRUGZDVXQQHFHVVDU\IRUDYHUGLFWLQ
6FKZDUW] VIDYRU,WLVVHQVLEOHWRDFNQRZOHGJHWKDWZKHQHYHU
-- 4 of 4 --
Conecte o Omnilex para pesquisar o corpus jurídico pelo seu assistente de IA.