Recent Securities Litigations

EQT Corporation Common Stock (NYSE: EQT)

Company Name:EQT Corporation Common Stock
Stock Symbol:NYSE: EQT
Class Period Start:06/19/2017
Class Period End (inclusive):06/17/2019

According to the complaint, EQT deliberately misled Plaintiffs about what they could accomplish with their expanded acreage.  Thus, Defendants represented that the Acquisition would allow them to increase the number of wells with long well bores—in particular, that they could drill 1,200 wells each with 12,000 feet of  horizontal  length—when  they  knew  that  the  newly  combined  property  was  not  capable  of  sustaining such a drilling program. Defendants also misstated the extent of what their cost savings would be, asserting that the efficiencies of the Acquisition would enable them to achieve “base” synergies of $2.5 billion, with total synergies reaching $7.5 billion, while no such savings were remotely achievable given EQT’s high-cost operations.