Rigrodsky & Long, P.A. Achieves Significant Victory for Shareholders In Connection With Its Lawsuit Challenging the Merger of CONSOL Energy, Inc. and CNX Gas Corporation

Rigrodsky & Long, P.A. Achieves Significant Victory for Shareholders In Connection With Its Lawsuit Challenging the Merger of CONSOL Energy, Inc. and CNX Gas Corporation

WILMINGTON, Del., May 27, 2010 (BUSINESS WIRE) — Rigrodsky & Long, P.A. announces that it achieved a significant victory for shareholders with respect to a class action lawsuit it filed in the Delaware Court of Chancery in connection with a tender offer and merger transaction whereby CONSOL Energy, Inc. (“CONSOL”) (NYSE: CNX) will acquire the shares of CNX Gas Corporation (“CNX Gas”) (NYSE: CXG) it does not already own (the “Transaction”).  On May 25, 2010, after expedited proceedings, the Delaware Court of Chancery ruled that the Transaction would have to be assessed for “entire fairness” and that, on the current record, plaintiffs had valid claims against the defendants.  The Delaware Court of Chancery’s ruling set forth exacting standards a court could use to assess whether a controlling corporate shareholder and the board of the target corporation violated their fiduciary duties in connection with a tender offer like the Transaction.  Rigrodsky & Long, P.A. and its co-counsel in the case intend to vigorously pursue their claims against the defendants.

If you own the common stock of CNX Gas and purchased your shares before March 21, 2010, if you have information or would like to learn more about the lawsuit, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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