The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

If you are a Class Member, your legal rights will be affected by this litigation whether you act or do not act. Please read the Notice carefully.

The Class is defined as:

(i)  all persons who purchased the common stock of EQT Corporation (“EQT”) during the period from June 19, 2017 through June 17, 2019 (the “Class Period”) and were damaged thereby;

(ii)  all EQT shareholders who held EQT shares as of the record date of September 25, 2017, and were entitled to vote with respect to EQT’s acquisition (the “Acquisition”) of Rice Energy Inc. (“Rice”) at the November 9, 2017, special meeting of EQT shareholders and were damaged thereby;

(iii)  all Rice shareholders who held Rice shares as of the record date of September 21, 2017, and were entitled to vote with respect to the Acquisition at the November 9, 2017, special meeting of Rice shareholders and were damaged thereby; and

(iv)  all persons who acquired the common stock of EQT in exchange for their shares of Rice common stock in connection with the Acquisition and were damaged thereby.

NO DECISION HAS BEEN MADE AS TO WHETHER DEFENDANTS DID ANYTHING WRONG, DEFENDANTS DENY ANY WRONGDOING, AND THIS NOTICE IS NOT AN ADMISSION BY DEFENDANTS THAT THE CLAIMS ASSERTED BY LEAD PLAINTIFFS IN THIS CASE ARE VALID. THIS NOTICE IS NOT AN EXPRESSION OF ANY OPINION BY THE COURT CONCERNING THE MERITS OF THIS ACTION. THERE IS NO JUDGMENT, SETTLEMENT OR MONETARY RECOVERY AT THIS TIME, AND THERE IS NO ASSURANCE THAT A JUDGMENT IN FAVOR OF THE CLASS WILL BE GRANTED OR THAT THE COURT WILL AWARD THE CLASS ANY MONETARY RECOVERY. DEFENDANTS MAY ARGUE AT SUMMARY JUDGMENT THAT THE SCOPE OF THE CLASS SHOULD BE DIFFERENT. PRIOR TO FINAL JUDGMENT, AS IN ALL CLASS ACTIONS, THE CLASS DEFINITION IS SUBJECT TO CHANGE BY COURT ORDER, PURSUANT TO RULE 23 OF THE FEDERAL RULES OF CIVIL PROCEDURE. THIS NOTICE MERELY INFORMS YOU THAT THE ACTION IS PROCEEDING AND THAT YOU MAY BE A MEMBER OF THE CLASS.

Plaintiffs’ Claims

Lead Plaintiffs, on behalf of the Class, generally allege Defendants made false and misleading statements regarding synergies and business benefits that would arise from a merger between EQT and Rice as justification for the Acquisition. In particular, the Class has alleged that Defendants violated the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule 10b-5 promulgated thereunder by the SEC, by knowingly or recklessly making false and misleading statements and omissions in public statements during the period from June 19, 2017, through June 17, 2019 (the “Class Period”). Lead Plaintiffs further allege that Defendants knowingly or recklessly made materially false and misleading statements and omissions when, following the Acquisition, Defendants hid operational issues and rising costs from investors. Lead Plaintiffs further allege that the false and misleading statements and omissions artificially inflated the price of EQT’s common stock and that, after investors from the Rice Investment Group disclosed the truth about EQT’s financial problems post-Acquisition, EQT’s stock price dropped. The particular false and misleading statements alleged are set forth in Lead Plaintiffs’ First Amended Complaint (the “Complaint”). You may review a copy of the Complaint by visiting the Court Documents section of this website.

Defendants deny any wrongdoing or liability for the claims alleged. Defendants deny that they made any false or misleading statements regarding EQT’s acquisition of Rice.

Further Information

This website and the Notice summarize the Litigation. For more details regarding the Litigation please reference the Amended Complaint, or other documents filed in the case under the “Court Documents” tab at the top of this website. You may also contact the Notice Administrator or Class Counsel for further information regarding the Litigation: