Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Cobalt International Energy, Inc. (“Cobalt” or the “Company”) (NYSE: CIE) concerning possible breaches of fiduciary duty arising from a January 19, 2015 ruling by a federal court. The court concluded that Cobalt must face claims that it committed securities fraud in connection with certain Cobalt securities offerings and other representations made by the Company, specifically, that certain officers and directors of Cobalt misrepresented and failed to disclose the true facts about Cobalt’s business and oil wells in Angola.
Shareholders interested in seeking to recover damages on behalf of CIE and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold CIE shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (610) 994-0292 or by sending an e-mail to mhynes@hkh-lawfirm.com.