March 17, 2014

LAW FIRM INVESTIGATING USEC ON BEHALF OF INVESTORS

By ExchangeMonitor

The law firm Zamansky and Associates announced Friday that it is investigating USEC in numerous areas on behalf of investors. “The investigation concerns allegations over U.S. Department of Energy loans, its technology, its American Centrifuge Plant and its disclosures to investors,” states a release by Zamansky. The firm will also look into a lawsuit that USEC filed against the Department in May for $38 million in work that USEC says was not properly reimbursed. “The investigation further concerns allegations relating to USEC’s disclosure to investors of the issues underlying the lawsuit,” according to Zamansky. USEC’s stock value has decreased substantially in the last year, and recently shareholders approved a reverse stock split in an effort to keep the company listed on the New York Stock Exchange. 

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