Cobra is still under the cloud of a lawsuit, and it appears they may re-emerge as Bearman Industries. There's an 07 FFL "Bearman Industries" with Cobra / Bearman / Cobra Firearms under their banner. From what I've seen, their focus has been on derringer production.
The Cobra .45 was arguably the best pistol made by Cobra Industries. IIRC the gun was copied from a pistol originally designed by an Israeli. The tooling was originally made to manufacture the Republic Arms .45 (think Jim Davis / Lorcin Industries) and is the same gun.