EQT Agrees to Pay $167.5M to Settle Class Action re Rice Merger
EQT Corp. has agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy, according to a motion filed yesterday seeking preliminary approval of what the investors called the largest-ever stockholder suit deal lodged in Western Pennsylvania federal court. The proposed settlement comes after six years of ongoing litigation.To view this content, log into your member account. (Not a member? Join Today!)