Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Texas on behalf of investors who purchased Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE: KOS) shares pursuant and/or traceable to the May 16, 2011 Initial Public Offering (the “IPO”).
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The complaint alleges that Kosmos concealed the fact that the Company’s “Jubilee” oil field project in the Republic of Ghana was underperforming; furthermore the complaint alleges that Kosmos issued false and misleading statements in the IPO’s offering documents and failed to disclose certain design defects in Kosmos’ oil wells. The concealed facts allegedly had a significant negative impact on investors who purchased shares in Kosmos during the IPO. At the time of the IPO, Kosmos shares closed at $18.16 per share but have fallen to below $10.00 per share as recently as July 10, 2012.
If you suffered a loss in Kosmos you have until September 10, 2012
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at
or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.