The Delaware County Employees Retirement System was named lead plaintiff in a securities class action against
The suit alleges that Cabot violated Sections 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5 by undertaking a scheme to artificially inflate the prices of its shares by making false statements about its environmental protocols and exposure to legal liability. It further says that Cabot’s stock price fell when it announced Pennsylvania filed an administrative action and then 15 criminal charges against it ...