Cabot Oil & Gas Corporation Securities Litigation

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Lawsuit Overview

Defendant:Cabot Oil & Gas Corporation
Date Filed:August 13th, 2020
Sector:Energy
Industry:Oil & Gas Production
Class Start Date:October 23rd, 2015
Class End Date:June 12th, 2020

According to the Complaint, Cabot was incorporated in 1989 and is headquartered in Houston, Texas. Cabot is an independent oil and gas company that explores for, exploits, develops, produces, and markets oil and gas properties in the U.S.

The Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Cabot had inadequate environmental controls and procedures and/or failed to properly mitigate known issues related to those controls and procedures; (ii) as a result, Cabot, among other issues, failed to fix faulty gas wells, thereby polluting Pennsylvania's water supplies through stray gas migration; (iii) the foregoing was foreseeably likely to subject Cabot to increased governmental scrutiny and enforcement, as well as increased reputational and financial harm; (iv) Cabot continually downplayed its potential civil and/or criminal liabilities with respect to such environmental matters; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

John Gordon Windler, et al. v. Cabot Oil & Gas Corporation, et al.

Date Filed:August 13th, 2020
Class Period Start:October 23rd, 2015
Class Period End:June 12th, 2020
First Identified Complaint Filings
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