NYSE:CIE Former Employee Alert: Investigation of Cobalt International Energy, Inc.

The Shareholders Foundation announces that n investigation on behalf of former employees of Cobalt International Energy, Inc., who are current or former participants in the Cobalt International Energy Employee Stock Bonus Plan and/or currently hold NYSE:CIE shares, was launched concerning potential Breaches of Fiduciary Duty.

Houston, Texas based Cobalt International Energy, Inc. is an independent, oil-focused exploration and production company.

Former employees of Cobalt International Energy, Inc. (NYSE:CIE), who are current or former participants in the Cobalt International Energy Employee Stock Bonus Plan and/or those who currently hold NYSE:CIE shares, have certain options and should contact the Shareholders Foundation, Inc. at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the investigation by a law firm certain employees of Cobalt International Energy, Inc. may be eligible to file a complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. More specifically, the investigation concerns whether certain Cobalt International Energy officers and directors breached their fiduciary duties and caused damage to the company.

Cobalt International Energy, Inc. reported that its Net Loss increased from $71.60 million in 2008 to $133.64 million in 2011.

Shares of Cobalt International Energy, Inc. (NYSE:CIE) grew from as low as $7.77 per share in October 2011 to as high as $34.03 per share in February 2012. Since then NYSE:CIE declined to as low as $19.97 per share in November 2012.

On Feb. 5, 2013, NYSE:CIE shares closed at $24.67 per share, which is significantly below its current 52 week High.

Those who are former employees of Cobalt International Energy, Inc. (NYSE:CIE), who are current or former participants in the Cobalt International Energy, Inc. Employee Stock Bonus Plan and/or those who currently hold NYSE:CIE shares, have certain options and should contact the Shareholders Foundation, Inc.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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.
Posted by on Feb 2013. All trademarks acknowledged. Filed under Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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