Shareholder Warn: Robbins LLP is Investigating Cabot Oil and Gas Corporation (COG) on Behalf of Shareholders
Shareholder rights regulation organization Robbins LLP announces that it is investigating the officers and directors of Cabot Oil and Fuel Company (NYSE: COG) for breaches of fiduciary obligations and violations of the Securities and Exchange Act of 1934 for wrongdoing commencing in October 2015. Cabot is an unbiased oil and gas corporation generally operating in Pennsylvania’s Marcellus Shale.
If you have endured a loss thanks to Cabot Oil and Fuel Corporation’s misconduct, click on right here.
Cabot Oil and Fuel Company (COG) Unsuccessful to Deal with Defective Gasoline Wells and the Ensuing H2o Pollution
Cabot has a record of polluting Pennsylvania’s h2o materials, endangering citizens, and dealing with governmental scrutiny for its environmental liabilities. On February 27, 2017, Cabot filed with the SEC a Variety 10-K for fiscal 12 months finished December 31, 2016, disclosing that it experienced entered into a Consent Purchase and Settlement with the Pennsylvania Office of Environmental Defense (PaDEP) on December 30, 2016, relating to gas migration allegations in an area surrounding several wells owned and operated by Cabot in Susquehanna County and agreeing to shell out a civil financial penalty of $300,000.
On July 26, 2019, Cabot filed a Variety 10-Q for the quarter ending June 30, 2019, disclosing that the organization had been given two notices of violation from the PaDEP in June and November of 2017, for failing to avert the migration of gasoline into regional clean groundwater resources, which experienced uncovered the Enterprise to civil financial penalty. On this information, Cabot’s shares fell 12.07% the identical working day. Then, on June 15, 2020, next a grand jury investigation, the PA lawyer general’s place of work charged Cabot with fifteen legal counts relevant to the company’s failure to fix defective gas wells and the ensuing water air pollution. On this news, Cabot’s shares fell 3.34%, closing at $19.40 for every share on June 15, 2020. The stock has nonetheless to get well.
Cabot Oil and Gasoline Company (COG) Shareholders Have Lawful Solutions
Robbins LLP is a nationally identified chief in shareholder legal rights law. To be notified if a class action from Cabot settles or to obtain free alerts about providers engaged in wrongdoing, indication up for Inventory Observe now.
Lawyer Promotion. Previous effects do not assurance a very similar final result.
See resource variation on businesswire.com: https://www.businesswire.com/news/dwelling/20201130005929/en/