Kosmos Energy Ltd.
Kosmos Energy Ltd. Securities Settlement
The lawsuit was settled for $10.2 million in cash. The following is a summary of the proceedings in the lawsuit: ‘The Litigation claims that the Registration Statement and Prospectus (collectively, the Offering Documents) issued in connection with Kosmos IPO contained materially false and misleading statements about the performance and expected production of an oil field off the shore of Ghana known as the Jubilee Field in violation of §11, §12(a)(2) and §15 of the Securities Act of 1933.’