An investigation on behalf of investors in NYSE:CIE shares over potential wrongdoing at Cobalt International Energy, Inc. was announced and current long-term NYSE:CIE stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 03/26/2013 --A stock price drop in late 2011 prompted an investigation on behalf of current long-term investors in NYSE:CIE shares concerning whether certain directors and officers of Cobalt International Energy, Inc. breached of fiduciary duties.

Investors who purchased shares of Cobalt International Energy, Inc. (NYSE:CIE) in early 2011 or earlier and currently hold any of those NYSE:CIE shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Cobalt International Energy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.

Shares of Cobalt International Energy, Inc. (NYSE:CIE) grew from slightly below $13 in early 2011 to as high as $16.64 per share in April 2011. NYSE:CIE shares declined over the next months rapidly to as low as $7.71 per share in late September 2011.

Those who are current long term investors in Cobalt International Energy, Inc. (NYSE:CIE) shares, have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com