Rice Energy, Inc. is a family-owned and operated, independent oil and gas exploration and production company.

According to the Complaint, on June 19, 2017, the Board caused the Company to enter into an agreement and plan of merger, 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 Complaint alleges that on July 27, 2017, in order to convince Rice Energy stockholders to vote in favor of the Proposed Merger, the Board authorized the filing of a materially incomplete and misleading Form S-4 Registration Statement with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.

This case was voluntarily dismissed on November 16, 2017.