EQT Corp. $167.5 Million Securities Class Action Settlement

Individuals who purchased EQT Corp. common stock between June 19, 2017, and June 17, 2019, held EQT or Rice Energy Inc. shares as of certain 2017 record dates or acquired EQT shares in exchange for Rice shares during the companies’ merger may qualify to submit a claim a portion of a $167.5 million award from a class action settlement.

EQT Corp. agreed to pay $167.5 million to settle a class action lawsuit alleging the company and certain executives made false and misleading statements about the expected benefits of its acquisition of Rice Energy Inc.

Who is eligible to submit a claim?

Investors and shareholders must meet the following criteria:

• They purchased EQT Corp. common stock between June 19, 2017, and June 17, 2019.
• They held EQT shares as of the record date of Sept. 25, 2017, and were entitled to vote on the Rice Energy Inc. acquisition at the Nov. 9, 2017, special meeting of EQT shareholders.
• The held Rice Energy Inc. shares as of the record date of Sept. 21, 2017, and were entitled to vote on the acquisition at the Nov. 9, 2017, special meeting of Rice shareholders.
• They acquired EQT common stock in exchange for Rice shares in connection with the acquisition.

How much is the class action settlement payment?

Pro rata cash payment: The payment amount each class member receives will be determined by:

• The number of valid claims submitted
• The amount of recognized loss calculated under the plan of allocation
• The total number of shares and transactions involved

How to claim a class action rebate

To receive a settlement payment from the settlement, eligible class members must submit a claim form by the deadline of Dec. 10, 2025, by using the online claim form or downloading a PDF claim form to print and mail to the settlement administrator.

Settlement administrator's mailing address: EQT Securities Litigation c/o A.B. Data Ltd., P.O. Box 173068 Milwaukee, WI 53217

Required proof

Claimants must provide supporting documentation, which can include:

• Brokerage confirmation slips or monthly statements
• Authorized statements from a broker containing transaction and holding details
• Documentation showing shares acquired in exchange for Rice stock, if applicable

Payout options

The settlement administrator will mail payments by check to the address provided.

$167.5 million EQT Corp. class action settlement fund

The $167,500,000 settlement fund will include:

• Settlement administration costs: To be determined
• Attorneys’ fees: Up to $46,900,000
• Attorneys’ expenses: Not to exceed $9,250,000
• Payments to class members: Remaining settlement funds

Important dates

• Fairness hearing: Oct. 30, 2025
• Deadline to file a claim: Dec. 10, 2025

When is the EQT Corp. securities settlement payout date?

The settlement administrator will mail payments to approved claimants after the court grants final approval of the settlement and processes all claims.

Why was there a class action settlement?

The class action lawsuit alleged EQT Corp. and certain executives made false and misleading statements about the benefits and synergies expected from the Rice Energy Inc. acquisition. The plaintiffs claimed these misrepresentations artificially inflated EQT’s stock price and harmed investors when the truth was revealed.

The company denies all allegations but agreed to settle to avoid continued litigation and the possibility of a trial.

Sources

1. Official settlement website
2. Class notice
3. Settlement claim form