In February, Houston’s Baker Botts trumpeted the news in a press release that its Houston-based client, Cobalt International Energy, had learned from the Department of Justice that the federal agency had closed an investigation without any enforcement action into allegations about the company’s Angolan operations and corrupt practices.
By mid-March, there was new, possibly less welcome, news for Baker Botts’ client—and eventually other oil companies doing business in the African country.
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