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Rice files lawsuit against EQT, claiming it's thwarting proxy campaign

Paul J. Gough
Rice files lawsuit against EQT, claiming it's thwarting proxy campaign

Former Rice Energy President Toby Z. Rice on Thursday filed a lawsuit against EQT Corp. and several members of its board of directors, claiming they have tried to thwart his proxy campaign ahead of the natural gas driller’s annual meeting. The lawsuit, in the Allegheny County Court of Common Pleas, is against EQT (NYSE: EQT) and directors James E. Rohr, Robert J. McNally, Philip G. Behrman, A. Bray Cary Jr., Christina A. Cassotis, William M. Lambert, Gerald F. MacCleary, Anita M. Powers, Stephen A. Thorington, Lee T. Todd, Jr., and Christine J. Toretti. “Plaintiff brings this action to enforce his rights under EQT’s bylaws and to prevent EQT and its Board of Directors from undertaking a series of fundamentally unfair and unlawful actions designed to thwart Plaintiff’s proxy campaign and rig the upcoming annual meeting in favor of the Director Defendants,” Rice said in the lawsuit filed Thursday.