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Case Status:    SETTLED
On or around 05/05/2014 (Ongoing date of last review)

Filing Date: February 06, 2012

This action was removed from the state court of Dallas County to the United States Northern District of Texas on February 06, 2012.

According to the Notice of Removal, on January 10, 2012, Brady filed the state court action, styled Brady v. Kosmos Energy Ltd., et al., No. DC-12-00251, asserting various securities claims against Kosmos, the Individual Defendants, and five other investment firms and banks.

On July 10, 2012, the Court issued an Order denying Plaintiffs' Motions to Remand.

On July 26, 2012, the Court issued an Order consolidating cases: member case(s) 3:12-cv-2383 was consolidated with lead case 3:12-cv-373-B. An additional Order of consolidation was issued on August 17, 2012: member case(s) 3:12-cv-2612-B was consolidated with lead case 3:12-cv-373-B.

On November 1, 2012, an Order Appointing Lead Plaintiff and Approving Lead Plaintiff’s Selection of Counsel was issued by the Court. On December 10, Lead Plaintiff filed a consolidated complaint.

On June 24, 2013, the Court issued an Order granting in part and denying in part Defendants' motions to dismiss.

On March 19, 2014, the Court found that the Lead Plaintiff failed to meet its burden of showing that common issues of fact and law predominate over the individual issues in this case. The Court also found Lead Plaintiff offered no proof from which to draw an inference that individual inquiries may not be required if the Court were to certify this putative class that is likely to number in the thousands. Thereby, the Court DENIED the Lead Plaintiff’s Motion to Certify Class.

On April 28, 2014, a Stipulation of Settlement was struck between the parties in this case. This Settlement was preliminarily approved by the Court on May 5th.

COMPANY INFORMATION:

Sector: Energy
Industry: Oil & Gas Operations
Headquarters: Bermuda

SECURITIES INFORMATION:

Ticker Symbol: KOS
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Texas
DOCKET #: 12-CV-00373
JUDGE:
DATE FILED: 02/06/2012
CLASS PERIOD START: 05/16/2011
CLASS PERIOD END: 11/10/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Susman Godfrey L.L.P. (Houston)
    1000 Louisiana, Suite 5100, Susman Godfrey L.L.P. (Houston), TX 77002
    713.651.9366 ·
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 12-CV-00373
JUDGE:
DATE FILED: 12/10/2012
CLASS PERIOD START: 05/11/2011
CLASS PERIOD END: 08/11/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kendall Law Group, LLP
    3232 McKinney, Ste 700, Kendall Law Group, LLP, TX 75204
    214.744.3000 214.744.3000 ·
  2. Robbins Geller Rudman & Dowd LLP (San Diego)
    655 West Broadway, Suite 1900, Robbins Geller Rudman & Dowd LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
No Document Title Filing Date
No Document Title Filing Date