15 March 2017
The US Securities and Exchange Commission has opened an informal inquiry into a contract between Cobalt International Energy and Angola's state-controlled oil company, one month after the DOJ closed a foreign bribery investigation into the Houston-based business.
20 November 2015
The company, which is facing a foreign bribery-related shareholder lawsuit, initially retained two partners from Vinson & Elkins’s Washington office when it first disclosed an SEC FCPA investigation in 2011.
18 June 2015
The report contends that sub-Saharan Africa is particularly afflicted by corruption due to immense income inequality and the lack of strong, public institutions designed to combat bribery.
08 May 2015
The putative class action lawsuit purports to reveal new, previously undisclosed details in the matter, including the name of the current Cobalt executive at the center of an alleged bribery scheme in Angola from 2010 to 2012.
24 February 2015
The SEC in January told Cobalt it had closed its investigation into allegations that the company had bribed officials at its Angolan oil exploration partner, but a DOJ probe continues.
29 January 2015
The Houston-based oil exploration company said it continues to cooperate with a parallel Justice Department inquiry.
05 January 2015
An investor is arguing that shareholders "suffered significant losses and damages" as a result of materially false and misleading" financial statements by the oil exploration and production company.
06 August 2014
Several shareholder plaintiffs' firms have begun investigations into Cobalt International Energy Inc.'s possible violations of U.S. securities laws while operating in Angola.
05 August 2014
Texas-based Cobalt Energy has received a Wells Notice from the SEC determining that "enforcement action" may be recommended following an investigation into the company's possible FCPA violation in Angola.
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