5th Circuit Affirms Dismissal Of Derivatives Suit Against Fracking Company

( May 16, 2025, 4:12 PM EDT) -- NEW ORLEANS — A panel of the Fifth Circuit U.S. Court of Appeals affirmed the dismissal of a shareholder derivative suit alleging an energy company’s directors breached their fiduciary duties in overseeing the company’s efforts to comply with environmental laws and regulations after the discovery that its hydraulic fracturing work caused methane gas to leak into residential water supplies in Dimock Township, Pa., agreeing with the trial court’s findings that the directors did not act in bad faith....