$22.8M Securities Settlement Against Underwriters Gains Preliminary Approval

(November 30, 2018, 2:25 PM EST) -- HOUSTON — Ruling that a proposed $22.75 million settlement between an energy company’s investors and underwriters of the company’s stock offerings has met all statutory requirements for approval, a federal judge in Texas on Nov. 29 granted the parties’ motion for preliminary approval of the settlement (In re Cobalt International Energy Inc. Securities Litigation, No. 14-3428, S.D. Texas)....

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