Securities Regulation Daily Wrap Up, FRAUD AND MANIPULATION—S.D. Tex.: Cabot’s aspirations of environmental stewardship were puffery, not actionable falsehoods, (Jan 13, 2022)

By Anne Sherry, J.D.

While some statements did seem to contradict the fact that Cabot had not remediated contaminated wells, the plaintiffs will need to amend their complaint to bolster allegations of scienter.

The federal district court in Houston dismissed, without prejudice in parts, claims that Cabot and three executives misled investors by toutin ...