SOURCE: Goldfarb LLP

August 08, 2012 13:06 ET

Kosmos Energy Stockholders Have Until August 24 to Move for Lead Plaintiff in Stock Fraud Complaint Filed by Goldfarb LLP

DALLAS, TX--(Marketwire - Aug 8, 2012) - Shareholders who purchased or acquired shares of Kosmos Energy, Ltd. (NYSE: KOS) from the company's initial public offering have until August 24, 2012 to move for lead plaintiff. Investors who purchased shares prior to November 10, 2011 are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or about their rights and remedies as a lead plaintiff.

"In our complaint, the company has been accused of negligently preparing the company's IPO, misstating the progress it had made developing the Jubilee oil field," securities lawyer Hamilton Lindley said. "As a result, the company's stock fell from $18.00 per share to approximately $10.00 today. Our lawsuit seeks to recover the losses for Kosmos stockholders who acquired or purchased shares traceable to the initial public offering."

In a federal securities case, the movant or group with the largest loss is appointed lead plaintiff for the absent class members. Although the share in any potential recovery is not affected by the decision to move for lead plaintiff, the lead plaintiffs will direct the Kosmos Energy litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept.

Goldfarb LLP lawyers have significant experience representing shareholders in securities lawsuits nationwide. KOS shareholders -- or anyone with knowledge about this situation -- should contact lawyer Hamilton Lindley at or 877-583-2855.

Contact Information

  • Hamilton Lindley
    Goldfarb LLP
    2501 N. Harwood, Ste. 1801
    Dallas, TX 75201
    (877) 583-2855 Toll Free Telephone
    (214) 583-2233 Local Phone Number
    (214) 583-2234 Fax Number
    Email Contact