SOURCE: Goldfarb LLP

February 09, 2012 12:51 ET

Twenty-Eight Percent Stock Plummet Triggers Kosmos Energy Stockholder Class Action, Announces Goldfarb LLP Securities Fraud Lawyers

DALLAS, TX--(Marketwire - Feb 9, 2012) - Securities fraud lawyers at Goldfarb LLP announced that a class action was filed due to alleged violations of shareholder protection laws by Kosmos Energy (NYSE: KOS). Concerned Kosmos Energy investors who bought Kosmos stock in the initial public offering are encouraged to contact securities class action attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies.

According to the complaint, the company's statements created a misleading impression of the business by stating that the Jubilee Oil fields in Ghana would produce 120,000 barrels of oil per day. But on July 6, 2011, a Kosmos Energy business partner announced that the Jubilee Oil field was experiencing difficulties in meeting the previously stated projections due to design defects in the oil wells and that the fields were underperforming, producing at or around 80,000 barrels of oil per day. Kosmos Energy failed to disclose the design defects in the oil wells, despite the fact that it was aware of this prior to the IPO.

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Cablevision stockholders -- or anyone with knowledge about this situation -- should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855 with questions or concerns.

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
    www.goldfarbllp.com