EQUITY ALERT: Rosen Law Firm Reminds Cobalt International Energy, Inc. Investors of Important Class Action Deadline -- CIE
18 December 2014 - 11:24AM
Rosen Law Firm reminds purchasers of the common stock and
convertible senior notes of Cobalt International Energy, Inc.
(NYSE:CIE) of the important February 2, 2015 lead plaintiff
deadline.
The class action is brought on behalf of purchasers of Cobalt's
securities between February 21, 2012 and November 4, 2014,
including purchasers of (i) Cobalt stock and convertible notes on
the open market, (ii) Cobalt common stock in public offerings on
February 23, 2012, January 16, 2013 and May 8, 2013; (iii) Cobalt's
2.65% Convertible Senior Notes due 2019 issued in a public offering
on December 12, 2012, and (iv) Cobalt's Convertible Senior Notes
due 2024 issued in a public offering on May 8, 2014.
To join the Cobalt International Energy class action, go to the
website at http://www.rosenlegal.com/cases-327.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Cobalt claimed that it operated in
compliance with U.S. laws prohibiting the bribery of foreign
officials. The complaint alleges that Cobalt gained access to its
oil wells in Angola by partnering with shell companies that were
partially owned by high-level Angolan officials, placing Cobalt at
risk of an enforcement action by the SEC and Department of Justice
for violating the Foreign Corrupt Practices Act. The complaint also
alleges that Cobalt overstated the value of its wells in Angola
after it learned that they contained little or no oil.
The lawsuit claims that Cobalt's alleged misrepresentations
inflated the value of Cobalt stock, and when the truth was
disclosed, the value of Cobalt securities dropped, damaging
investors.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
February 2, 2015. If you wish to join the litigation go to
http://www.rosenlegal.com/cases-327.html or to discuss your rights
or interests regarding this class action, please contact, Phillip
Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via
e-mail at pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com