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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 26, 2019 to file lead plaintiff applications in a securities class action lawsuit against EQT Corporation (NYSE: EQT). The action, pending in the United States District Court for the Western District of Pennsylvania, also asserts claims under ss14(a) of the Exchange Act, on behalf of Rice Energy Inc. shareholders who held Rice shares on 9/25/17, and under ss11, 12(a)(2), and 15 of the Securities Act of 1933 as related to this acquisition.
EQT and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 25, 2018, the Company disclosed poor Q3 results due to an increase in total costs and a $300M increase in estimated capital expenditures for well development, and as a result, was reducing its full-year 2018 forecast.
On this news, the price of EQT shares declined by 13%, damaging investors.
If you purchased shares of EQT and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Cambridge Retirement System v. EQT Corporation, et al, 19-cv-00754. Click here to read the case complaint.