EQUITY ALERT: Rosen Law Firm Announces Investigation of Civil Securities Claims Against Cobalt International Energy, Inc. – CIE

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential civil securities claims and breaches of fiduciary duty concerning the directors and officers of Cobalt International Energy, Inc. CIE.

Throughout 2013, Cobalt International Energy touted that its offshore Angolan wells—Lontra and Loengo—were lucrative because they had significant amounts of oil. On December 1, 2013, Cobalt International Energy admitted to investors that Lontra contained more gas than it had originally estimated. On this news, Cobalt International Energy stock fell nearly 17% to close at $18.54 per share on December 2, 2013. On November 4, 2014, Cobalt disclosed dire negative financial results and the lack of oil or gas in its Loengo well.

Rosen Law Firm is investigating potential civil securities claims and breaches of fiduciary duty by Cobalt International Energy's officers and directors. If you purchased Cobalt International Energy, Inc. securities, you may visit the firm's website at http://rosenlegal.com/cases-327.html to join the action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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