|[August 05, 2014]
CIE INVESTOR ALERT - Andrews & Springer LLC Is Investigating Cobalt International Energy Inc. For Possible Securities Fraud Violations
WILMINGTON, Del. --(Business Wire)--
& Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating Cobalt (News - Alert)
International Energy Inc. ("Cobalt" or the "Company") (NYSE: CIE) for
possible violations of securities laws relating to the U.S. Securities &
Exchange Commission's ("SEC (News - Alert)") announcement today that it plans on
charging the Company with violations of securities laws.
Today, on August 5, 2014, Cobalt announced that it received a "Wells
Notice" from the SEC that alleges that the Company violated securities
laws. The SEC's investigation, dating back to 2011, concerns whether the
Company violated the Foreign Corrupt Practices Act in Angola, one of
Cobalt's biggest regions for investment and exploration. Cobalt has
several offshore blocks in Angola, where the Company is finishing an
appraisal well. Two of these blocks, the Company was assigned to partner
with Angolan contractor Nazaki Oil and Gaz SA. In 2010, Cobalt became
aware of allegations concerning certain senior Angolan government
officials that were connected with Nazaki. In 2011, the SEC opened an
investigation into these allegations. As a result of this news, Cobalt's
share price fell 10.96% today.
Given this information, Andrews & Springer LLC is preparing a class
action lawsuit as a result. If you own shares of Cobalt and want to
receive additional information and protect your investments free of
charge, please visit us at http://www.andrewsspringer.com/cases-investigations/cie
or contact Craig J. Springer, Esq. at email@example.com,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn (News - Alert)
Twitter (News - Alert) - www.twitter.com/AndrewsSpringer
or Facebook (News - Alert) - www.facebook.com/AndrewsSpringer
for future updates.
Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
This notice may constitute Attorney Advertising.
[ Back To TMCnet.com's Homepage ]