San Diego, CA -- (SBWire) -- 12/05/2012 --An investigation on behalf of current long-term investors in shares of Cobalt International Energy, Inc. (NYSE:CIE) concerning whether certain directors and officers of Cobalt International Energy, Inc. breached of fiduciary duties in connection with certain statements.
Investors who are current long term investors in Cobalt International Energy, Inc. (NYSE:CIE) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Cobalt International Energy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Cobalt International Energy, Inc. (NYSE:CIE) 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 December 4, 2012, NYSE:CIE shares closed at $23.78 per share, which is significantly below its current 52 week High of $36.51 per share.
Those who are current long term investors in Cobalt International Energy, Inc. (NYSE:CIE) shares, have certain options and should contact the Shareholders Foundation.
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
Cobalt International Energy, Inc. (NYSE:CIE) Investor Alert: Investigation over Potential Wrongdoing
An investigation on behalf of current long term investors in Cobalt International Energy, Inc. (NYSE:CIE) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:CIE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com