EQT Gets Initial Nod for $168 Million Investor Settlement (1)

EQT Corp.‘s $168 million settlement of investor claims that the company misrepresented the benefits of its 2017 Rice Energy Inc. acquisition warrants preliminary approval, a federal court ruled Tuesday.

Judge Robert J. Colville said he’ll likely be able to approve the deal in the six-year-old case as fair, reasonable, and adequate. The class action is pending in the US District Court for the Western District of Pennsylvania.

EQT allegedly overhyped benefits of acquiring competing oil and gas company Rice and later concealed post-merger difficulties in integrating the companies

• The investors say they suffered damages when information about costs and ...