EQT Energy's $255 Million Trading Day Ranks 363rd Amid $167.5 Million Lawsuit Settlement

On June 27, 2025, EQT Energy (EQT) saw a trading volume of $255 million, a 40.7% decrease from the previous day, ranking 363rd in the day's stock market activity. EQT's stock price rose by 0.24%.

EQT has agreed to pay $167.5 million to settle a class action lawsuit filed by investors who alleged that the company overstated the benefits of its $6.7 billion merger with Rice Energy. The settlement, which comes after nearly six years of litigation, marks the largest securities recovery in the district's history. The lawsuit claimed that EQT misrepresented the advantages of the merger, which was announced in 2017 and was expected to create the largest natural gas producer in the United States. The settlement provides an immediate recovery for class members and eliminates the risk of receiving significantly less or nothing at all. The case involved several key players, including the Eastern Atlantic States Carpenters Annuity Fund and the Cambridge Retirement System.

This settlement is significant not only for EQT's investors but also for the broader energy industry. It serves as a wake-up call, highlighting the increasing scrutiny that courts are placing on energy mergers and acquisitions. The legal risks associated with such transactions are becoming more pronounced, and companies are being held more accountable for their representations and disclosures. This development underscores the importance of transparency and accuracy in corporate communications, particularly in high-stakes mergers and acquisitions.