Pomerantz Files Class action Lawsuit Against Uranium Energy

Pomerantz LLP announced that it has filed a class action lawsuit against Uranium Energy Corp. (NYSE:UEC) and certain officers of the company. This follows an announcement on June 19 that the law firm was investigating claims on behalf of UEC investors.

As quoted in the press release:

The class action, filed in United States District Court, Southern District of Texas, and docketed under 15-cv-01862, is on behalf of a class consisting of all persons or entities who purchased Uranium Energy securities between October 14, 2014 and June 17, 2015 inclusive (the “Class Period”).  This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Uranium Energy securities during the Class Period, you have until August 28, 2015 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

The Complaint alleges throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Uranium Energy stock achieved an unsustainable valuation by using paid stock promoters, yet failed to disclose the use of such promoters in its regulatory filings pursuant to Section 17(b) of the Securities Act of 1933; and (2) as a result of the foregoing, Uranium Energy’s public statements were materially false and misleading at all relevant times.

Click here to read the full Pomerantz LLP press release.