NEW YORK, Jan. 20, 2015 (GLOBE NEWSWIRE) -- 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.
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.