April 12, 2021 - A consolidated complaint was filed.

October 6, 2020 - The case was transferred to the U.S. District Court for the Middle District of Pennsylvania.

August 13, 2020 - An investor in shares of Cabot Oil & Gas Corporation (NYSE: COG) filed a lawsuit in the U.S. District Court for the Southern District of Texas over alleged violations of Federal Securities Laws by Cabot Oil & Gas Corporation in connection with certain allegedly false and misleading statements made between October 23, 2015, and June 12, 2020.

Houston, TX based Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. Cabot Oil & Gas Corporation reported that its annual Total Revenue declined from over $2.18 billion in 2018 to over $2.06 billion in 2019, and that its Net Income increased from $557.04 million to $681.07 million in 2019.

On July 26, 2019, Cabot Oil & Gas Corporation filed a quarterly report on Form 10-Q with the Securities and Exchange Commission, reporting the Company's financial and operating results for the quarter ended June 30, 2019 (the 2Q19 10-Q ). The 2Q19 10-Q disclosed that the Company had received two proposed Consent Order and Agreements ( CO&As ) related to two Notices of Violation ( NOVs ) it had received from the Pennsylvania Department of Environmental Protection ( PaDEP ) back in June and November 2017, respectively, for failure to prevent the migration of gas into fresh groundwater sources in the area surrounding Susquehanna County, Pennsylvania. Shares of Cabot Oil & Gas Corporation (NYSE: COG) grew from $13.50 per share in late February 2020 to as high as $22.38 per share on June 68, 2020.

On June 15, 2020, following a grand jury investigation, the Pennsylvania attorney general’s office charged Cabot Oil with 15 criminal counts arising from its failure to fix faulty gas wells, thereby polluting Pennsylvania’s water supplies through stray gas migration. Shares of Cabot Oil & Gas Corporation (NYSE: COG) declined on June 24, 2020 to as low as $17.85 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of Cabot Oil & Gas Corporation (NYSE: COG) common shares between October 23, 2015, and June 12, 2020, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between October 23, 2015, and June 12, 2020, the Defendants made false and/or misleading statements and/or failed to disclose that Cabot had inadequate environmental controls and procedures and/or failed to properly mitigate known issues related to those controls and procedures, that as a result, Cabot, among other issues, failed to fix faulty gas wells, thereby polluting Pennsylvania's water supplies through stray gas migration, that the foregoing was foreseeably likely to subject Cabot to increased governmental scrutiny and enforcement, as well as increased reputational and financial harm, that Cabot continually downplayed its potential civil and/or criminal liabilities with respect to such environmental matters, and thatas a result, the Company's public statements were materially false and misleading at all relevant times.