Judge Approves $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 stockholder suit deal lodged in Western Pennsylvania federal court. The proposed settlement comes after six years of ongoing litigation. The new news is that U.S. District Judge Robert J. Colville, the judge in the case, granted his preliminary blessing of the deal earlier this week.

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