Investors Want Cobalt's Class Cert. Redo Bid Nixed

Law360, New York (August 4, 2017, 1:55 PM EDT) -- Investors suing Cobalt International Energy Inc. in connection with investor losses stemming from Cobalt's alleged bribery of Angola officials asked a Texas federal judge on Thursday to deny the company's request to reconsider class certification, arguing the precedent cited by the company doesn't actually support its argument.

According to the investors, the U.S. Supreme Court decision in California Public Employees Retirement System v. ANZ Securities, Inc. that Cobalt says supports its argument against class certification because of statute of repose requirements under the Securities Act does nothing of the sort. Cobalt's claim that certification was wrong because many of the claims...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!