#United States #Class Action #EQT Corporation #Pittsburgh #securities litigation

Proposed Class Action Settlement Overview

In a significant development in the EQT Corporation Securities Litigation, Cohen Milstein Sellers & Toll PLLC and Bernstein Litowitz Berger & Grossmann LLP have announced a proposed settlement that could resolve a lawsuit affecting many investors. The case, officially known as Case No. 2:19-cv-00754-RJC, has garnered extensive attention due to its implications for shareholders of EQT Corporation.

Case Background

The class action lawsuit concerns transactions involving EQT Corporation's common stock during the period from June 19, 2017, to June 17, 2019. Many investors who bought shares during this time, or held shares related to the acquisition of Rice Energy Inc., may be affected. Specifically, individuals who purchased EQT stock, held shares on specific record dates related to votes on the acquisition, or exchanged Rice shares for EQT stock are part of the defined “Class.”

Settlement Details

The proposed settlement amount is $167.5 million in cash, which the plaintiffs hope will adequately compensate those harmed by the actions leading to the lawsuit. EQT and its executives have denied any wrongdoing and maintain that they did not violate federal securities laws. Nonetheless, the settlement aims to provide relief to the affected shareholders.

Key Dates to Remember

• - Settlement Hearing: Scheduled for October 30, 2025, where the Honorable Robert J. Colville will review the settlement terms and determine whether they should be approved.
• - Claim Submission Deadline: If you’re a member of the class, you must submit your Claim Form by December 10, 2025. Failure to do so may result in ineligibility for compensation.
• - Objection Deadline: Any objections to the proposed settlement must be filed with the court by October 9, 2025.

Next Steps for Investors

For those who qualify, it’s essential to read the Settlement Notice carefully as it outlines your rights and the process for claiming a share of the settlement. Claim forms can be obtained through the claims administrator’s website at www.EQTSecuritiesLitigation.com or by contacting their office directly.

Conclusion

This settlement represents a critical step for investors impacted by EQT's practices during the specified period. By resolving the claims, affected parties may finally see a restitution of some of their financial losses. It’s advisable for investors to stay informed about the court's upcoming decisions and to ensure their claims are submitted in time to partake in the settlement funds.