Law Offices of Todd M. Garber Announces Investigation of Kosmos Energy Ltd. – PR News
Law Offices of Todd M. Garber Announces Investigation of Kosmos Energy Ltd.
The Law Offices of Todd M. Garber announces that it is investigating potential claims against Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE:KOS) concerning possible violations of federal securities laws. Kosmos engages in the exploration and production of oil and gas in South America and Africa. The investigation is related to allegations that certain statements issued by Kosmos between May 12, 2011 and November 10, 2011 misrepresented and/or failed to disclose material adverse information concerning the Company’s operations and financial prospects.
The investigation concerns allegations that the Registration Statement and Prospectus issued in connection with the Company’s initial public offering (the “IPO”) were materially false and misleading and misrepresented or failed to disclose that: (1) at the time of the IPO, gross oil production from the Company’s Jubilee field off the coast of the Republic of Ghana was not on track to reach its design capacity by the third quarter of 2011; (2) several Jubilee oil wells were not meeting production expectations, due to design defects which existed at the time of completion and pre-dated the IPO; and (3) design defects in the Jubilee wells would cost the Company hundreds of millions of dollars to remediate, and prevent the Jubilee wells from meeting production expectations for several years.
If you purchased Kosmos common stock between May 12, 2011 and November 10, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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