Attorney Advertising. Stull, Stull & Brody, a New York based law firm with offices in Beverly Hills that specializes in representing investors nationwide, announces that a federal securities fraud lawsuit has been filed and that it has commenced an investigation into possible breaches of fiduciary duty by the directors and officers of Cobalt International Energy, Inc. ("Cobalt" or the "Company") (NYSE:CIE).

As alleged in the federal securities fraud lawsuit, Cobalt has portrayed itself as a company with "world class," "large" and "oil-focused" wells in the Republic of Angola and claimed that the Company gained access to those wells in compliance with the U.S. law outlawing the bribery of foreign officials (the Foreign Corrupt Practices Act or "FCPA"). In truth, Cobalt obtained access to its Angolan wells from the Republic of Angola by partnering with shell companies in Angola that were partially owned by high-level Angolan officials, putting the Company at serious risk of enforcement action by the SEC and U.S. Department of Justice ("DOJ") for violations of the FCPA and the federal securities laws. In addition, Cobalt misrepresented the value of its wells in Angola after the Company learned that they contained very little or no oil.

Stull, Stull & Brody is investigating, among other things, whether there were breaches of fiduciary duties in connection with (1) violations of the Company's policies by its executives, including violations of the Foreign Corrupt Practices Act (the "FCPA"); (2) wasting of corporate assets; (3) the adequacy of Cobalt's internal controls, and; (4) the accuracy of Cobalt's financial statements.

If you are a shareholder of Cobalt and have questions about your legal rights or interests with respect to these matters, please contact Michael Klein, Esq. at Stull, Stull & Brody by e-mail at CIE@ssbny.com, by calling toll-free 1-800-337-4983, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.