Two families have settled their lawsuit alleging that one of Pennsylvania's biggest gas drillers contaminated their well water, six months after a federal judge threw out a multimillion-dollar jury verdict in the case.
A court filing dated Sept. 21 says the lawsuit pursued by plaintiffs in Dimock against Houston-based Cabot Oil & Gas Corp. was "amicably resolved" following settlement talks.
Dozens of plaintiffs settled with Cabot in 2012, but two families opted to take their case to trial. A jury sided with the plaintiffs, ordering Cabot to pay $4.24 million.
A judge threw out the verdict in March, asserting the plaintiffs didn't present sufficient evidence against Cabot. The judge urged the parties to discuss a settlement before any retrial in the case.
Terms of the settlement were not released.