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Pomerantz Law Investigates Claims on Behalf of Investors of UEC
Jun. 19, 2015 09:44AM PST
Company NewsPomerantz LLP announced that it is currently investigating claims on behalf of investors of Uranium Energy Corp. (NYSE:UEC). The investigation concerns whether officers and/or directors of the company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Pomerantz LLP announced that it is currently investigating claims on behalf of investors of Uranium Energy Corp. (NYSE:UEC). The investigation concerns whether officers and/or directors of the company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
As quoted in the press release:
On June 18, 2015, an article was published by TheStreetSweeper.com alleged, among other items, that “UEC reports zero sales in the past seven quarters from its sole producer, the Palangana Mine,” and that after selling almost all of its inventory, there is only about $152,000 worth of inventory remaining.
On this news, shares of Uranium Energy fell $0.18 per share, to $2.42, or more than 6.92 percent, on June 18, 2015.
About Pomerantz:
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the lateAbraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multi million-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.