Deadline in Lawsuit for Investors in Cobalt International

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Deadline in Lawsuit for Investors in Cobalt International Energy, Inc. (CIE) Shares Announced by Shareholders Foundation

SAN DIEGO, Dec. 8, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Cobalt International Energy, Inc. (CIE) over alleged Federal Securities Laws Violations by Cobalt International Energy.

If you purchased shares of Cobalt International Energy, Inc. (NYSE: CIE ) , and/or Cobalt International Energy's common stock pursuant, and/or traceable to registered public stock offerings conducted on or about February 23, 2012, January 16, 2013 and May 8, 2013 and/or Cobalt International Energy's 2.65% Convertible Senior Notes due 2019, and/or Cobalt International Energy Convertible Senior Notes due 2024, you have certain options and for certain investors are short and strict deadlines running. Deadline: February 2, 2014. NYSE CIE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that Cobalt International Energy and certain of its senior executives violated provisions of the Exchange Act. More specifically, the plaintiff claims that Cobalt International Energy 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, while in reality, Cobalt International Energy allegedly 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 Cobalt International Energy at serious risk of enforcement action by the U.S. Securities and Exchange Commission ("SEC") and U.S. Department of Justice.

On August 4, 2014, Cobalt International Energy, Inc received a "Wells Notice" from the Staff of the SEC stating that the Staff has made a preliminary determination to recommend that the SEC institute an enforcement action against Cobalt International Energy alleging violations of certain federal securities laws.

On November 4, 2014, Cobalt International Energy, Inc. announced its third quarter 2014 results and provided an operational update. Cobalt International Energy, Inc said that its net loss for the third quarter of 2014 included $55 million of impairment charges associated primarily with the Loengo well drilled offshore Angola and wells previously announced in the Gulf of Mexico.

Those who purchased shares of Cobalt International Energy have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 3111 Camino Del Rio North Suite 423 San Diego, CA 92108

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Vijit Chao Phraya 2026: Transforming Bangkok with Light

Updated Category News Views 51

Bangkok's Night Sky Turns into an Artistic Canvas You think light shows are done and dusted? Think again. The Vijit Chao Phraya 2026 kicks off yet another spellbinding spectacle along the beloved river, turning Bangkok's waterline into an electrifying canvas of color and culture. For a month, from November 13 to December 13, this unique event unfolds across 19 different...

Continue Reading
Sciens Water Expands with Roberts Filter Group Buy

Updated Category News Views 74

A Big Splash in Water Filtration When it comes to the water game, tying up with a company like Roberts Filter Group means Sciens Water isn't here to splash around; they're diving in deep. They've just snapped up an establishment that's been part of America's water infrastructure landscape for the better part of a century. That's no small potatoes. With Roberts Filter...

Continue Reading
Qfin Faces Class Action Deadline Amid Regulatory Woes

Updated Category News Views 103

Hit the Deck: Qfin's Legal Storm Brews When the suits begin to rumble, it’s high time to pull up a seat and watch how these chips fall. If you're parking your funds under NASDAQ:QFIN—heads up! A shareholder rights firm is bringing a class-action lawsuit, and investors perched between March 18 and August 25, 2026, should be ready to jump ship or fight. The Mighty...

Continue Reading
Poolwerx Expands in Florida: Matt Feldt's Bold Move

Updated Category News Views 78

A New Wave in Northeast Florida Bet you didn't expect to hear about pool care while sipping your morning coffee, but here we are. Poolwerx, the heavyweight champion in the pool service world, is pumping up its presence in the Northeast Florida landscape. Guess who’s the man behind this expansion? Matt Feldt, a Navy vet who’s traded in sonar for skimmers, has opened...

Continue Reading
Maritime Launch's Bold Q3 Surge Amid Space Race

Updated Category News Views 0

Rockets, Revenue, and a Bold New Path You ever hear about a spaceport tucked away in the toes of Nova Scotia, making waves with its third-quarter earnings? Well, that's exactly what's cooking over at Maritime Launch Services. These folks have managed to turn a zero into hero in a flash, reporting $5.6 million in revenue and a snug $3.5 million in net income for Q3 2026....

Continue Reading
Data Centers: More Power-Hungry Than Thirsty

Updated Category News Views 14

Data Centers: Not Quite the Water Guzzlers We Feared Hold onto your hats, because the latest intel on data centers is changing the game, or at least forcing a closer look at what seems like a done deal. The big reveal? It's not the water, folks—it’s the juice. While everyone frets about water, electricity is the silent giant you’ve got to wrangle. Water vs....

Continue Reading
Sasol Names Stanley Subramoney as Audit Chair

Updated Category News Views 62

Shifting Sands at Sasol's Audit Helm Ah, the boardroom dance continues. Sasol has just announced, loud and clear from Johannesburg, that Mr. Stanley Subramoney is stepping up as the new Chairman of their Audit Committee. This is no small shuffle in the deck. When it comes to keeping the books in check at big players like Sasol, you need a top-tier audit leader. Ain't no...

Continue Reading
AI Stocks Surge Despite Boardroom Woes and Security Probe

Updated Category News Views 31

The Boardroom Drama Versus Business Reality Who knew that board stuff could stir up as much interest as a blockbuster earnings report? But here we are, with NVIDIA Corporation (NASDAQ: NVDA) at the center of a boardroom spectacle that's enough to make some investors sweat bullets. Turns out, CEO Jensen Huang is reportedly tangled up in a foreign intelligence effort...

Continue Reading
Avatar Capital Partners Secures $156M for Japan Focus

Updated Category News Views 34

A Strategic Partnership to Boost Fund II Avatar Capital Partners has nabbed $156 million for their Fund II, aiming at $300 million in Japan's living space. But the real kicker? They're now rubbing elbows with GCM Grosvenor and the Teacher Retirement System of Texas. Fancy way to say they've got some serious artillery now, with GCM Grosvenor and TRS throwing weight as...

Continue Reading
EPIC Players Seeks Sponsors for 2027 Gala & Seasons

Updated Category News Views 150

Shining the Spotlight on Neurodivergent and Disabled Artists The curtains are about to rise for EPIC Players' 10th Anniversary Gala, and folks, it's more than just a party; it's a cause worth championing. Set for April 7, 2027, at New York's City Winery, this event is an invitation for brands to spotlight their support for Neurodivergent and Disabled artists. If you've...

Continue Reading

Top 5 Most Recently Viewed Articles

Expectations for Teladoc Health's Upcoming Earnings Report

Updated Category News Views 172

Anticipating Teladoc Health's Earnings Report Teladoc Health (TDOC) is on the cusp of revealing its quarterly earnings report. Investors are keenly awaiting this update, hoping for positive surprises that might deviate from prior expectations. As the anticipated date approaches, it’s essential to understand the dynamics influencing Teladoc's stock performance. Analysts'...

Continue Reading
Shell's Stock Soars Following Upgrade from Morgan Stanley

Updated Category News Views 201

Shell PLC Experiences Positive Market Movement Shell PLC (NYSE: SHEL) shares are showing an upward trend following an analyst upgrade from Morgan Stanley. This reassessment has gained significant attention and could signal a positive outlook for investors in the energy sector. Analyst Upgrade Details Martijn Rats from Morgan Stanley has upgraded Shell's shares from an...

Continue Reading
Plumas Bancorp Announces Quarterly Dividend for Stockholders

Updated Category News Views 30

Plumas Bancorp's Latest Dividend Announcement In the latest financial update, Plumas Bancorp, known for its strong community presence, has announced an upcoming quarterly cash dividend which reflects its robust financial health and commitment to its stockholders. This $0.27 dividend per share is a clear indication of the bank's continued success and stability in the...

Continue Reading
TAL Education Group Prepares to Release Q3 Financial Insights

Updated Category News Views 136

TAL Education Group Announces Financial Reporting Plans TAL Education Group, also known simply as TAL, is gearing up for an important announcement regarding its financial performance. The company, a leader in smart learning solutions in China, is set to release its financial results for the third quarter of the fiscal year 2026. This quarter concluded on November 30,...

Continue Reading
Assystem's General Meeting Reveals Dividend and Voting Insights

Updated Category News Views 261

Assystem's Combined General Meeting Highlights Key Details of the Meeting Recently, Assystem S.A. confirmed the successful holding of its Combined General Meeting, where important resolutions for the company were discussed. The meeting took place in an engaging setting, with Mr. Dominique Louis acting as the chairman. The impressive attendance, marked by a quorum of...

Continue Reading