Cohen Milstein Sellers & Toll PLLC and Bernstein Litowitz Berger & Grossmann LLP Announce a Proposed Class Action Settlement of the In re EQT Corporation Securities Litigation
PR Newswire
NEW YORK, Aug. 26, 2025
NEW YORK, Aug. 26, 2025 /PRNewswire/ --
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF PENNSYLVANIA
|
|
SUMMARY NOTICE OF (I) PROPOSED CLASS ACTION
SETTLEMENT; (II) SETTLEMENT HEARING; AND
(III) MOTION FOR ATTORNEYS' FEES AND LITIGATION EXPENSES
TO: | all persons and entities who: (i) purchased the common stock of EQT Corporation ("EQT") from June 19, 2017 through June 17, 2019 (the "Class Period"); (ii) 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; (iii) 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/or (iv) acquired the common stock of EQT in exchange for their shares of Rice common stock in connection with the Acquisition, and were damaged thereby (collectively, the "Class")1: |
PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.
YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Western District of Pennsylvania, that Lead Plaintiffs Government of Guam Retirement Fund, Eastern Atlantic States Carpenters Annuity Fund (f/k/a Northeast Carpenters Annuity Fund), and Eastern Atlantic States Carpenters Pension Fund (f/k/a Northeast Carpenters Pension Fund), and additional Plaintiff Cambridge Retirement System (collectively, "Plaintiffs"), on behalf of themselves and the Court-certified Class, have reached a proposed settlement of the above-captioned securities class action (the "Action") for $167,500,000 in cash (the "Settlement"). If approved, the Settlement will resolve all claims in the Action. Defendants2 deny all allegations in the Action and deny any violations of the federal securities laws.
A hearing will be held on October 30, 2025, at 10:00 a.m., before the Honorable Robert J. Colville of the United States District Court for the Western District of Pennsylvania, either in person in Courtroom 8C of the Joseph F. Weis, Jr. U.S. Courthouse, 700 Grant Street, Pittsburgh, PA 15219, or by telephone or videoconference, to determine: (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation (and in the Settlement Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Lead Counsel's motion for attorneys' fees and litigation expenses should be approved. You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund.
If you are a member of the Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Net Settlement Fund. If you have not yet received the Settlement Notice and the Proof of Claim and Release Form ("Claim Form"), you may obtain copies of these documents by contacting the Claims Administrator at: EQT Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 173068, Milwaukee, WI 53217; (877) 388-1761; info@EQTSecuritiesLitigation.com. Copies of the Settlement Notice and Claim Form can also be downloaded from the case website, www.EQTSecuritiesLitigation.com.
If you are a member of the Class, in order to be eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked (if mailed) or online by no later than December 10, 2025. To submit a claim online, visit www.EQTSecuritiesLitigation.com. If you are a Class Member and do not submit a proper Claim Form, you will not be eligible to receive payment from the Settlement, but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.
Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and litigation expenses must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than October 9, 2025, in accordance with the instructions set forth in the Settlement Notice.
Please do not contact the Court, the Office of the Clerk of the Court, Defendants, or their counsel regarding this notice. All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Claims Administrator or Lead Counsel.
Requests for the Settlement Notice and Claim Form should be made to:
EQT Securities Litigation
c/o A.B. Data, Ltd.
P.O. Box 173068
Milwaukee, WI 53217
(877) 388-1761
info@EQTSecuritiesLitigation.com
www.EQTSecuritiesLitigation.com
Inquiries, other than requests for the Settlement Notice and Claim Form, should be made to Lead Counsel:
Adam H. Wierzbowski Bernstein Litowitz Berger & Grossmann LLP | Daniel S. Sommers S. Douglas Bunch Cohen Milstein Sellers & Toll PLLC 1100 New York Avenue, N.W. East Tower, Suite 800 Washington, DC 20005 (202) 408-4600
|
By Order of the Court
1 Certain persons and entities are excluded from the Class by definition or prior request, as set forth in the full Notice of (I) Proposed Class Action Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses (the "Settlement Notice"), available at www.EQTSecuritiesLitigation.com.
2 "Defendants" are: EQT, Steven T. Schlotterbeck, Robert J. McNally, David L. Porges, David E. Schlosser, Jr., Jimmi Sue Smith, James E. Rohr, Vicky A. Bailey, Philip G. Behrman, Kenneth M. Burke, A. Bray Cary, Jr., Margaret K. Dorman, Lee T. Todd, Jr., Christine J. Toretti, Daniel J. Rice IV, and Robert F. Vagt. Other capitalized terms not otherwise defined herein shall have the meaning set forth in the Stipulation and Agreement of Settlement dated June 25, 2025 ("Stipulation"). The Stipulation can be viewed at www.EQTSecuritiesLitigation.com.
View original content:SOURCE Bernstein Litowitz Berger & Grossmann LLP and Cohen Milstein Sellers & Toll PLLC
