Robbins Geller Rudman & Dowd LLP Announces Kosmos Energy LTD Securities Litigation

DALLAS, May 27, 2014 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an Order of the United States District Court, Northern District of Texas, Dallas Division:

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT
IF YOU PURCHASED KOSMOS ENERGY LTD ("KOSMOS") COMMON STOCK ISSUED PURSUANT TO OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS UTILIZED IN CONNECTION WITH KOSMOS' INITIAL PUBLIC OFFERING ("IPO") FROM MAY 10, 2011 THROUGH AND INCLUDING JANUARY 10, 2012 AND WERE DAMAGED THEREBY (THE "SETTLEMENT CLASS"), YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT.  CERTAIN PERSONS ARE EXCLUDED FROM THE DEFINITION OF THE SETTLEMENT CLASS AS SET FORTH IN THE STIPULATION OF SETTLEMENT.

PLEASE READ THIS NOTICE CAREFULLY.  YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and Order of the United States District Court for the Northern District of Texas, that the above-captioned litigation (the "Litigation") has been preliminarily certified as a class action for the purposes of settlement only and that a Settlement has been proposed for $10,200,000 in cash.  A hearing will be held on September 24, 2014, at 2:00 p.m., before the Honorable Jane J. Boyle at the Earle Cabell Federal Building and United States Courthouse, 1100 Commerce Street, Courtroom 1516, Dallas, Texas, for the purpose of determining whether: (1) the proposed Settlement should be approved by the Court as fair, reasonable and adequate; (2) the proposed Plan of Allocation for distribution of the settlement proceeds is fair, reasonable and adequate and therefore should be approved; and (3) the application of Lead Plaintiff's counsel for the payment of attorneys' fees and expenses, including Lead Plaintiff's expenses incurred in connection with the Litigation, should be approved.

If you are a Member of the Settlement Class described above, your rights may be affected by the Settlement of the Litigation and you may be entitled to share in the Settlement Fund.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release, you may obtain a copy of these documents by contacting the Claims Administrator: Kosmos Securities Litigation, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, 1-877-289-2663.  You may also obtain copies of the Stipulation, Notice and Proof of Claim and Release at www.kosmossecuritiessettlement.com.

If you are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than August 18, 2014.  If you are a Settlement Class Member and do not submit a valid Proof of Claim and Release, you will not be eligible to share in the distribution of the Net Settlement Fund but you will still be bound by any judgment entered by the Court in this Litigation (including the releases provided for therein).

To exclude yourself from the Settlement Class, you must submit a written request for exclusion postmarked by July 3, 2014, and in accordance with the instructions set forth in the Notice.  If you are a Settlement Class Member and do not exclude yourself from the Settlement Class, you will be bound by any judgment entered by the Court in this Litigation (including the releases provided for therein), whether or not you submit a Proof of Claim and Release.  If you submit a written request for exclusion, you will have no right to recover money pursuant to the Settlement.

Any objection to the proposed Settlement must be filed with the Court and delivered such that it is received by each of the following no later than July 3, 2014:

CLERK OF THE COURT
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
Earle Cabell Federal Building and United States Courthouse
1100 Commerce Street, Room 1452
Dallas, TX 75242

Counsel for the Lead Plaintiff:
ROBBINS GELLER RUDMAN
& DOWD LLP
X. JAY ALVAREZ
655 West Broadway, Suite 1900
San Diego, CA  92101

Counsel for Kosmos and the Individual Defendants:
SUSMAN GODFREY LLP
DANIEL H. CHAREST
901 Main Street, Suite 5100
Dallas, TX  75205

Counsel for the Underwriter Defendants:
GIBSON, DUNN & CRUTCHER LLP
BRIAN M. LUTZ
200 Park Avenue, 47th Floor
New York, NY  10166

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the settlement, you may contact Lead Counsel at the address listed above or by calling 1-800-449-4900.

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
Dated May 5, 2014

SOURCE Robbins Gellar Rudman & Dowd LLP