EQT Agrees to $168 Million Investor Settlement on Rice Deal (2)

EQT Corp. agreed to pay $168 million to resolve allegations it misrepresented the benefits of its 2017 Rice Energy Inc. acquisition.

Investors sought Judge Robert J. Colville‘s preliminary approval of the class action settlement in the US District Court for the Western District of Pennsylvania. The settlement’s stipulation and proposed order was docketed on Thursday.

• Colville certified a class of damaged investors who got EQT stock from June 19, 2017, through June 17, 2019; held either EQT or Rice shares as of Sept. 25, 2017, and could vote on the deal that November; and/or acquired EQT stock in exchange ...