August 11, 2022. The Court in EQT Corporation Securities Litigation (Western District of Pennsylvania) certified a class of common stock investors. Plaintiffs allege that Defendants misled investors by stating that EQT’s acquisition of Rice Energy would yield billions of dollars in synergies. Professor Steven Feinstein of Babson College and Crowninshield Financial Research provided expert analysis and deposition testimony establishing that EQT stock traded in an efficient market and that a damages methodology can be applied commonly to measure damages for all Class members. In its Memorandum Opinion granting Plaintiffs’ Motion for Class Certification, the Court noted, “Dr. Feinstein is qualified and his opinions and testimony in this matter are reliable and fit the facts of the case. … The Court will consider Dr. Feinstein’s Rebuttal Report and testimony in considering the Certification Motion.”
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