South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Italy Fines Apple €98.6 Million Over App Store Dominance 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
 Shares Announced by Shareholders Foundation - EconoTimes)
SAN DIEGO, Feb. 03, 2016 -- The Shareholders Foundation, Inc. announces that a lawsuit is pending in Texas on behalf of certain purchasers of shares of Cobalt International Energy, Inc. (NYSE:CIE) over alleged Securities Laws Violations by Cobalt International Energy.
Investors who purchased shares of Cobalt International Energy, Inc. (NYSE:CIE) in 2010 or earlier and continue to hold any of those (NYSE:CIE) shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
On August 4, 2014, Cobalt International Energy, Inc received a “Wells Notice” from the Staff of the U.S. Securities and Exchange Commission (the “SEC”) stating that the Staff has made a preliminary determination to recommend that the SEC institute an enforcement action against Cobalt International Energy, Inc, 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.
On November 30, 2014, a lawsuit was filed against Cobalt International Energy Inc, certain of its senior executives and directors, the underwriters of its securities offerings and certain investment firms that controlled the Company over alleged violations of Federal Securities Laws. The plaintiff alleged that Cobalt International Energy and certain of its senior executives violated provisions of the Exchange Act by issuing materially false and misleading press releases, filings with the SEC, and statements during investor conference calls. The Complaint also alleges that in connection with above stated Offerings, Cobalt International Energy issued securities pursuant to materially misstated filings with the SEC.
In May 2015 the lead plaintiff filed an amended consolidated complaint and in June 2015 the defendants filed their motion to dismiss the case. However, on January 19, 2016, the court denied in part the motion to dismiss the case.
Those who purchased Cobalt International Energy, Inc. (NYSE:CIE) in 2010 or earlier and continue to hold any of those (NYSE:CIE) shares have certain options and should contact the Shareholders Foundation, Inc. by e-mail at [email protected] 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 [email protected] 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
