Vol. 16, No. 28

Holtec overvalued itself in investor pitch; interim storage a money pit, ex-CFO says in lawsuit

To net an investment from Hyundai, Holtec International, Camden, N.J., wanted to lie about its value and about the prospects for its proposed interim spent-fuel storage business, a former Holtec executive alleged. Kevin O’Rourke, Holtec’s former chief financial officer, said he was fired in 2022 after about a year on the job for refusing to […]
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