NEW YORK, April 01, 2016 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP (“Wolf Haldenstein”) announces that it has filed a class action lawsuit in the United States District Court for the District of Utah (the "Court"), on behalf of the shareholders of Questar Corporation ("Questar") (NYSE:STR) against Questar, its Board of Directors, and Dominion Resources, Inc. ("Dominion"), for, among other things, violations of sections 14(a) and 20(a) of the U.S. Securities and Exchange Act of 1934 (the "Exchange Act") and U.S. Securities and Exchange Commission Rule 14a-9 promulgated thereunder.
The complaint arises out of a February 1, 2016 press release announcing that Questar had entered into a definitive merger agreement with Dominion, pursuant to which Questar shareholders would receive $25.00 for each share of Questar owned (the "Proposed Transaction"). The complaint seeks injunctive relief on behalf of the named plaintiffs and all other similarly situated shareholders of Questar as of February 1, 2014 (the "Class"). The named plaintiff is represented by Wolf Haldenstein.
If you owned shares of Questar Corporation prior to February 1, 2016, and still hold your shares, you may, no later than May 31, 2016, request that the Court appoint you lead plaintiff of the proposed class.
The named plaintiff alleges that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Questar shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading proxy statement on Form 14 with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Questar shareholders' ability to make an informed decision whether to approve the Proposed Transaction.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com