The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlements; (II) Settlement Fairness Hearing; (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
The Court-appointed lead plaintiffs GAMCO Global Gold, Natural Resources & Income Trust and GAMCO Natural Resources, Gold & Income Trust (together, the “GAMCO Funds” or “Lead Plaintiffs”), and additional named plaintiffs St. Lucie County Fire District Firefighters’ Pension Trust Fund, Fire and Police Retiree Health Care Fund, San Antonio, Sjunde AP-Fonden, and Universal Investment Gesellschaft m.b.H. (collectively, with Lead Plaintiffs, “Plaintiffs”), on behalf of themselves and the Settlement Class (as defined in the Notice), have reached three separate settlements (the “Settlements”) with the different defendant groups (collectively, the “Settling Defendants”) which, collectively, resolve all claims asserted by Plaintiffs in the Action on behalf of the Settlement Class against the Settling Defendants.
On February 13, 2019, following a hearing, the Court entered Judgments approving all three of the Settlements and orders approving the proposed Plan of Allocation for the proceeds of the Settlement and approving Lead Counsel’s motion for attorneys’ fees and expenses.
If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:
All persons and entities who purchased or otherwise acquired Cobalt common stock, Cobalt 2.625% Convertible Senior Notes due 2019, and/or Cobalt 3.125% Convertible Senior Notes due 2024 (collectively, “Cobalt Securities”) between March 1, 2011 and November 3, 2014, inclusive, and were damaged thereby. Included within the Settlement Class are all persons and entities who purchased or otherwise acquired shares of Cobalt common stock on the open market and/or pursuant or traceable to the registered public offerings on or about (i) February 23, 2012; (ii) January 16, 2013; and (iii) May 8, 2013. Also included within the Settlement Class are all persons and entities who purchased or otherwise acquired Cobalt convertible senior notes on the open market and/or pursuant or traceable to registered public offerings on or about (i) December 12, 2012; and (ii) May 8, 2014.
Certain persons and entities are excluded from the Settlement Class by definition as set out in ¶ 28 of the Notice.
The three Settlements, approved by the Court are:
Please read the Notice to fully understand your rights and options.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.