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Uranium Energy Corp (NYSEMKT: UEC) Investor Securities Class Action Lawsuit 06/29/2015

  • If you purchased shares of Uranium Energy Corp (NYSEMKT: UEC), you might have certain options and should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Case Dismissed
Company
Uranium Energy Corp.
Security
NYSEMKT: UEC

Case Name
Uranium Energy Shareholder Class Action Lawsuit 06/29/2015
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of Texas

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

September 26, 2016 - The U.S. Court of Appeals dismissed the appeal.
August 12, 2016 - The lead plaintiff filed a notice of appeal.

July 15, 2016 - The court granted defendants' motion to dismiss with prejudice.

December 7, 2015 - Defendants filed a motion to dismiss.

November 16, 2015 - The lead plaintiff filed an amended complaint.

August 28, 2015 - Lead plaintiff motions were filed.

June 29, 2015 - An investor in shares of Uranium Energy Corp (NYSEMKT: UEC) filed a lawsuit in the U.S. District Court for the Southern District of Texas over alleged violations of Federal Securities Laws by Uranium Energy Corp in connection with certain allegedly false and misleading statements made between October 14, 2014 and June 17, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Uranium Energy Corp (NYSEMKT: UEC) common shares between October 14, 2014 and June 17, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 14, 2014 and June 17, 2015, defendants made allegedly false and/or misleading statements and/or failed to disclose that Uranium Energy Corp 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 that as a result of the foregoing, Uranium Energy Corp’s public statements were materially false and misleading at all relevant times.

Shares of Uranium Energy Corp (NYSEMKT: UEC) grew from $1.17 per share on January 20, 2015 to as high as $2.99 per share on May 29, 2015.

Then on June 18, 2015, an article was published that alleged, among other items, that Uranium Energy Corp. 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.

Shares of Uranium Energy Corp (NYSEMKT: UEC) declined on June 19, 2015, to as low as $1.50 per share.