March 10, 2015 (Shareholders Foundation) - An investigation on behalf of investors of NOBLE GROUP LTD (OTCMKTS:NOBGF, OTCMKTS:NOBGY) shares over potential securities laws violations by NOBLE GROUP LTD and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NOBLE GROUP LTD (OTCMKTS:NOBGF, OTCMKTS:NOBGY) concerning whether a series of statements by NOBLE GROUP LTD regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On February 15, 2015, a report was issued that alleged, among other things, that Noble Group exploits the accounting treatment of its associates to avoid large impairments and fabricate profit; and that contrary to what Noble Groups management claims, the misfortunes of these associates have a substantial cash impact on Noble.
Shares of OTCMKTS:NOBGF fell $0.10 per share or over 11% to close at $0.78 per share on February 17, 2015 and shares of OTCMKTS:NOBGY fell $2.33 per share or over 13% to close at $15.49 per share on February 17, 2015.