LAWSUITS NEWS & LEGAL INFORMATION
Cobalt International Energy, Inc. CIE 401(k) / ERISA Lawsuit
Cobalt International Energy, Inc. has been accused of securities fraud. If you are a current or former employee or are a member of any of Cobalt International Energy, Inc. investment plans or profit sharing retirement plans you may be included in this possible Cobalt International Energy, Inc. 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Cobalt International Energy, Inc. stock in one of those plans during the periods Feb-21-12 to Aug-4-14, you may have a claim.
Under ERISA, Cobalt International Energy, Inc. employees can file a lawsuit against the company for putting stock options at risk. Cobalt International Energy, Inc. employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.
ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.
Published on Dec-29-14
Under ERISA, Cobalt International Energy, Inc. employees can file a lawsuit against the company for putting stock options at risk. Cobalt International Energy, Inc. employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.
ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.
Cobalt International Energy, Inc. 401(k) / ERISA Legal Help
If you have suffered from Cobalt International Energy, Inc. 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Cobalt International Energy, Inc. ERISA class action lawsuit. Please click the link below to submit your complaint and we will have a lawyer review your ERISA complaint.Published on Dec-29-14
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