Cobalt

$2b Lawsuit Has Investors Worried About Angola

US-based oil company Cobalt filed for arbitration for a $2-billion suit against Angola’s state-run Sonangol oil giant last week, according to court documents found by Reuters. The two parties were due to reach an agreement on license extensions for two deepwater blocks, but negotiations broke down last year. Now Cobalt claims a $2 billion award, plus interest and other costs, as compensation …


SHAREHOLDER ALERT: Lundin Law PC Announces Investigation of Cobalt International Energy, Inc. (CIE) and Advises Investors With Losses to Contact the Firm

Lundin Law PC announces it is investigating claims against Cobalt International Energy, Inc. (“Cobalt” or the “Company”) (NYSE: CIE) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Cobalt were false and misleading and/or failed to disclose material information regarding the …