Mouse Over to Stop Rotation & Read Ad

Tuesday, December 4, 2018

EQT Reaches Settlement in Class Action Suit Related to Royalties Scheme

From the Charleston Gazette Mail:
The trial of a major lawsuit alleging that energy giant EQT Corp. has been shortchanging thousands of West Virginians on their royalty payments won’t start Tuesday as planned, following the tentative settlement of the case late last week.

Details of the deal have not yet been made public.

Marvin Masters, lead lawyer for the plaintiffs, said “the parties have tentatively resolved the case,” pending settlement details being worked out.

A spokeswoman for the court confirmed the settlement, and said the trial was canceled.

Linda Robertson, spokeswoman for EQT, declined to comment on the settlement, citing “pending litigation.”

More than 10,000 individuals and businesses in West Virginia are estimated to be members of the class of plaintiffs. They allege that EQT, the state’s second-largest gas producer, was illegally deducting various costs — such as for transporting and processing gas — from their royalty payments.
Click here to read more about this.

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email