The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

This website relates to a securities class action lawsuit (“Litigation”) brought by Delaware County Employees Retirement System and Iron Workers District Council (Philadelphia and Vicinity) Retirement and Pension Plan (together, “Plaintiffs”), alleging that Cabot Oil & Gas Corporation (“Cabot”), Dan O. Dinges, and Scott C. Schroeder (“Individual Defendants” and, collectively with Cabot, “Defendants”) violated the federal securities laws by making false statements and omissions of material facts during the Class Period (i.e., the period between February 22, 2016, and June 12, 2020, inclusive) which had the effect of artificially inflating the prices of Cabot common stock. Defendants deny all claims and contentions of wrongdoing alleged in the Litigation. 

The Court has not decided in favor of Defendants or Plaintiffs. Instead, both sides have agreed to a settlement of the Litigation for $40 million in cash (“Settlement”) for the benefit of the Class. On October 28, 2024, the Court entered a Final Judgment and Order of Dismissal with Prejudice and orders approving the Plan of Allocation and awarding attorney's fees and litigation expenses. 

If you are a member of the Class, you are subject to the Settlement. The Class consists of:

All persons or entities who purchased or otherwise acquired Cabot common stock between February 22, 2016, and June 12, 2020, inclusive, and were damaged thereby.

Excluded from the Class are: (1) Defendants; (2) any directors and officers of Cabot during the Class Period and members of their immediate families; (3) the subsidiaries, parents, and affiliates of Cabot; (4) any firm, trust, corporation, or other entity in which Defendants have or had a controlling interest; and (5) the legal representatives, heirs, successors, and assigns of any such excluded party. Also excluded from the Class is any person or entity who properly excludes himself, herself, itself, or themselves from the Class by submitting a valid and timely request for exclusion.

Please read the Notice to fully understand your rights and options. A copy of the Notice can be found in the menu at the top of this page.

Payments to eligible claimants will be after the completion of all claims processing. Please be patient, as this process will take some time to complete.

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice and the documents on the Important Documents tab at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-877-495-5094, by emailing info@CabotOilSecuritiesLitigation.com, or by mailing a letter to:

Cabot Oil Securities Litigation
Claims Administrator
c/o JND Legal Administration
P.O. Box 91217
Seattle, WA  98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.