NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating potential securities fraud claims against Cobalt International Energy, Inc. (NYSE:CIE) arising from a government corruption investigation into its Angola operations.
On August 5, 2014, Cobalt revealed that the U.S. Securities & Exchange Commission intends to charge the Company with violations of certain securities law after a three year investigation into alleged corruption in its Angola operations. On this news, the price of Cobalt shares fell $1.75 per share or over 10% to close at $14.22 on August 5, 2014, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit on behalf of Cobalt investors. If you purchased Cobalt securities on or before August 5, 2014, you may visit the website at http://rosenlegal.com/cases-327.html to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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