Cabot Shareholder Lawsuit re PA Fracking Violations Tossed by Judge

In October 2020, a law firm filed a lawsuit on behalf of several Cabot Oil & Gas shareholders against Cabot (now Coterra Energy), claiming the company "had inadequate environmental controls and procedures and/or failed to properly mitigate known issues related to those controls and procedures," and that the company "failed to fix faulty gas wells which polluted Pennsylvania's water supplies through stray gas migration," and that the company, in general, hid all of this from the public --- namely from investors (see Second Lawsuit Filed Against Cabot Claiming Securities Fraud). A similar lawsuit previously filed was canceled due to a lack of shareholders willing to sue. However, this second lawsuit sprouted legs and has continued. But here is where it gets murky...

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