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Case Status:    DISMISSED    
On or around 07/16/2020 (Other)

Filing Date: April 02, 2020

According to the Complaint, EQM Midstream Partners, LP is a growth-oriented limited partnership that was formed to own, operate, acquire, and develop midstream assets in the Appalachian Basin.

On February 26, 2020, the Board of Directors (the “Board” or “Individual Defendants”) of EQM Midstream Partners, LP’s (“EQM” or the “Partnership”) general partner, EQGP Services, LLC (the “General Partner”), caused the Partnership to enter into an agreement and plan of merger (the “Merger Agreement”) with Equitrans Midstream Corporation (“Equitrans”), EQM LP Corporation (“EQM LP”), LS Merger Sub, LLC (“Merger Sub”), and the General Partner.

Pursuant to the terms of the Merger Agreement: (i) Merger Sub will merge with and into EQM, with EQM surviving as a wholly-owned subsidiary of Equitrans; and (ii) each outstanding unit of EQM that is not owned by Equitrans and its subsidiaries will be converted into 2.44 shares of Equitrans common stock.

On March 30, 2020, Defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction.

The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

This case was voluntarily dismissed on June 23, 2020.


Sector: Energy
Industry: Oil & Gas - Integrated
Headquarters: United States


Ticker Symbol: EQM
Company Market: New York SE
Market Status: Public (Listed)

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"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 20-CV-00466
JUDGE: Hon. Richard G. Andrews
DATE FILED: 04/02/2020
CLASS PERIOD END: 04/02/2020
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available