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IN RE: COBALT INTERNATIONAL ENERGY, INC. SECURITIES LITIGATION

  1. February 13, 2019

    $173.8M In Deals OK'd To Settle Cobalt Energy Bribery Claims

    A Texas federal judge approved $173.8 million in settlements of investor class action claims on Wednesday stemming from bribery allegations against now-bankrupt Cobalt International Energy Inc., plus $43.45 million in fees for co-class leads Bernstein Litowitz Berger & Grossmann, Entwistle & Cappucci and others.

  2. January 10, 2019

    Investors’ Attys In Cobalt Bribery Case Seek $43.5M In Fees

    Attorneys asked a Texas federal court on Wednesday to award them $43.45 million in fees for securing $173.8 million total for investors who brought allegations involving a potential foreign bribery scheme by now-bankrupt Cobalt International Energy Inc.

  3. November 29, 2018

    Investors Get First OK On $23M Deal With Cobalt Underwriters

    A Texas federal judge granted preliminary approval on Thursday for a nearly $23 million settlement with Morgan Stanley, Credit Suisse and a host of other investment banks that served as underwriters for the now-bankrupt Cobalt International Energy Inc.

  4. November 2, 2018

    Cobalt Investors' $147M Deal OK'd In Angolan Oil Bribe Row

    A Texas federal judge on Friday granted investors preliminary approval of their $146.9 million settlement in a securities suit claiming the now-bankrupt Cobalt International Energy Inc. bribed Angolan officials and made misrepresentations that cost the investors billions.

  5. October 12, 2018

    Cobalt Investors Seek $147M Deal In Angolan Oil Bribe Row

    A class of Cobalt International Energy investors urged a Texas federal judge Friday to approve a $146.9 million settlement in a securities suit claiming the now-bankrupt company bribed Angolan officials and made misrepresentations that cost the investors billions.

  6. December 14, 2017

    Cobalt Hits Ch. 11, Seeks To Stall Securities Litigation

    Mired in $2.8 billion of funded debt and reeling from depressed oil and gas prices and ongoing shareholder litigation, exploration and production company Cobalt International Energy Inc. filed for Chapter 11 bankruptcy in Texas on Thursday with the expressed hope of driving a value-maximizing sale of its assets.

  7. August 23, 2017

    Cobalt Can't Use CalPERS Ruling To Toss Cert., Judge Says

    A federal judge in Texas on Wednesday denied Cobalt International Energy Inc.'s request to reconsider class certification in an investors' suit stemming from the company's alleged bribery of Angolan officials, writing that Cobalt's reliance on a recent U.S. Supreme Court decision to support its argument is “misplaced.”

  8. August 4, 2017

    Investors Want Cobalt’s Class Cert. Redo Bid Nixed

    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.

  9. July 14, 2017

    Cobalt Wants Redo Of Class Cert. In Investors’ Bribe Case

    Cobalt International Energy Inc. asked a Texas federal judge on Thursday to rethink an order that granted class certification to hundreds of investors suing the company for allegedly bribing Angolan officials and making misrepresentations that cost the investors billions, arguing a recent U.S. Supreme Court decision changed the case's calculus.

  10. June 15, 2017

    Investors Get Class Cert. In Angola Oil Bribe Suit

    A Texas federal judge granted class certification Thursday to hundreds of investors suing Cobalt International Energy Inc. for allegedly bribing government officials in Angola to get oil-drilling permits and then making misrepresentations to stock and bond investors that led to billions in losses.