Judge Finalizes $167.5 Million Settlement in EQT/Rice Merger Case

In June, EQT Corp. agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy (see EQT Agrees to Pay $167.5M to Settle Class Action re Rice Merger). It is, according to the plaintiffs, the largest-ever shareholder lawsuit deal in Western Pennsylvania federal court. The proposed settlement comes after six years of ongoing litigation. In July, the judge overseeing the case granted his preliminary blessing of the deal (see Judge Approves $167.5 Million Settlement in EQT/Rice Merger Case). Yesterday, the same judge issued a final approval for the deal, meaning it's now a done deal, and the money can be paid.

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