According to the lawsuit, throughout the Class Period defendants made misleading and/or false statements and/or failed to disclose that: (1) Cabot’s environmental controls and procedures were inadequate and/or failed to properly mitigate known issues related to those procedures and controls; (2) as a result, Cabot, among other issues, failed to fix faulty gas wells, thereby polluting Pennsylvania’s water supplies through stray gas migration; (3) the foregoing was foreseeably likely to subject Cabot to increased governmental enforcement and scrutiny, as well as increased financial and reputational harm; (4) Cabot continually downplayed its potential criminal and/or civil liabilities with respect to such environmental matters; and (5) as a result, the company’s public statements were materially misleading and false at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Cabot Oil & Gas Corporation
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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