Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of Cobalt
International Energy, Inc. ("Cobalt" or the "Company") (NYSE:CIE) concerning
possible violations of federal securities laws. The investigation
focuses on the Company's business and operations.
Please contact Casey Sadler, Esquire, at 888-773-9224 or 310-201-9150,
or at firstname.lastname@example.org
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
Cobalt is engaged in the exploration and production of oil-focused and
below-salt exploration prospects in the eepwater of the U.S. Gulf of
Mexico. The investigation is related to a 2011 formal order of
investigation issued by the U.S. Securities and Exchange Commission
related to Cobalt's operations in Angola and potential liabilities under
the U.S. Foreign Corrupt Practices Act.
On August 5, 2014, Cobalt disclosed that the Company received a "Wells
Notice" in connection with the SEC's investigation, stating that the
Staff of the SEC has made a preliminary determination to recommend that
the SEC institute an enforcement action against the Company, alleging
violations of certain federal securities laws. According to the Company,
"the Staff may recommend that the SEC seek remedies that could include
an injunction, a cease-and-desist order, disgorgement, pre-judgment
interest and civil money penalties." Following this news, Cobalt shares
dropped approximately 11 percent, or $1.75 per share, to a closing price
of $14.22 on August 5, 2014.
If you purchased Cobalt securities, if you have information or would
like to learn
more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Casey
Sadler, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067, by toll-free telephone
at 888-773-9224 or by telephone at 310-201-9150, by e-mail to email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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