EQT Sued for Securities Fraud in Rice Merger Some 3+ Yrs Later

Two subsidiaries of Connecticut hedge fund Kensico Capital Management filed a lawsuit against EQT on December 28 alleging EQT committed securities fraud during its $6.7 billion acquisition and merger with Rice Energy in 2017. The suit was filed by Saxena White PA on behalf of Kensico Associates and Kensico Offshore Fund Master Ltd. Kensico is not the first large investor to sue EQT over the 2017 merger (see Judge Allows Class Action Against EQT/Rice 2017 Merger to Proceed). What does the Kensico lawsuit allege?

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