$146M Settlement In Securities Class Action Gains Preliminary Approval

Mealey's (November 5, 2018, 3:04 PM EST) -- HOUSTON — The federal judge in Texas overseeing a securities class action against an energy company, certain of its officers and directors and others granted preliminary approval of a $146 million settlement agreement, ruling that the proposed deal has met all statutory guidelines for approval (In re Cobalt International Energy Inc. Securities Litigation, No. 14-3428, S.D. Texas)....