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Cabot Oil Beats Investors’ Water Pollution Allegations, for Now

Jan. 13, 2022, 4:30 PM

Cabot Oil & Gas Corp. is free for now of accusations it made misleading statements about its environment-related legal issues, but investors can amend their complaint and try again on some claims, a federal judge in Texas said.

Investors allege that the energy company claimed it was fixing environmental problems and complying with regulations but was actually doing neither, leading to criminal charges for fracking-related water pollution. Most of the challenged statements weren’t materially false or misleading, and the investors didn’t properly allege Cabot intended to deceive them with the others, the U.S. District Court for the Southern District of ...

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