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Rice Energy, Inc. (RICE)

NYSE:RICE

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Rice Energy, Inc.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case No. 1:17-cv-01067, on behalf of shareholders Rice Energy, Inc. (“Rice Energy” or the “Company”) (NYSE:RICE) who have been harmed by Rice Energy’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with EQT Corporation (“EQT”).

On June 19, 2017, the Board caused the Company to enter into an agreement and plan of merger (“Merger Agreement”), pursuant to which each share of Rice common stock will be exchanged for 0.37 shares of EQT common stock and (ii) $5.30 in cash, representing an implied value of $27.04 per share and $6.7 billion in the aggregate (the “Merger Consideration”).

The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on July 27, 2017, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Rice Energy shareholders.

Take Action

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from August 22, 2017.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please fill out the form below or contact Nadeem Faruqi, Esq.at nfaruqi@faruqilaw.com and James M. Wilson, Jr., Esq. at jwilson@faruqilaw.com.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Rice Energy, Inc. (RICE)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/22/2017

Send Information

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