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EnergySolutions, Inc. investor files lawsuit against ENERGYSOLUTIONS INC

Lawsuit against EnergySolutions, Inc. (Public, NYSE:ES) on behalf of certain investors in ENERGYSOLUTIONS INC (NYSE: ES) over alleged securities laws violations – Deadline: December 08, 2009 – Contact us at mail@shareholdersfoundation.com

FOR IMMEDIATE RELEASE

 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog (Press Release) - Oct 12, 2009 -
An investor in EnergySolutions, Inc. (Public, NYSE:ES) filed a lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of EnergySolutions, Inc. (NYSE:ES) in or traceable to the its initial public offering on or about November 14, 2007 and its offering of securities on or about July 24, 2008, as well as purchasers of EnergySolutions, Inc. (Public, NYSE:ES) common stock between November 14, 2007 and October 14, 2008, against EnergySolutions, Inc (ES)

If you purchased common stock of EnergySolutions, Inc. (NYSE:ES) in or traceable to the its initial public offering on or about November 14, 2007 and/or its offering of securities on or about July 24, 2008, as well as EnergySolutions, Inc. (Public, NYSE:ES) common stock between November 14, 2007 and October 14, 2008, you have certain options and there are strict and short deadlines running. Deadline: December 08, 2009. Those ES investors should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com  

Or at: +1 (858) 779 - 1554

According to the complaint the plaintiff alleges that EnergySolutions, certain directors and officers of EnergySolutions, ENV Holdings, LLC (“ENV Holdings”) and the main underwriters for the Offerings, violated the Securities Act and the Exchange Act because between November 14, 2007 and October 14, 2008 and in the offering documents for the Offerings, defendants made numerous positive statements regarding EnergySolutions financial condition, business and prospects and that these statements were inaccurate statements of material fact when made because defendants failed to disclose the adverse facts. The plaintiff alleges violations under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Then on October 14, 2008, EnergySolutions issued a press release and announced, among other things, that EnergySolutions was reducing its estimates for net income, that the financial crisis would delay EnergySolutions’ ability to accelerate the decommissioning of nuclear power plant assets, and that the NRC denied the Petition for rulemaking change. Following this announcement, the price of EnergySolutions’ stock collapsed from $10.14 per share on October 13, 2008 to close at $5.64 per share on October 14, 2008 – a one day decline of $4.50 per share or 44% – on extremely heavy volume of 9.4 million shares.
Energy Solutions, located in Salt Lake City, UT, is a provider of specialized, technology-based nuclear services to government and commercial customers. Its range of nuclear services includes engineering, in-plant support services, spent nuclear fuel management, decontamination and decommissioning (D&D), operation of nuclear reactors, logistics, transportation, processing and disposal. Energy Solutions had $1.09261billion in total revenue in 2007 and $1.79163billion in total revenue in 2008. Shares of EnergySolutions, Inc. (NYSE:ES) traded recently at $8.94 per share, down from a 52weekHigh at $10.93 per share, and $27 per share in 2008.

Those who purchased common stock of EnergySolutions, Inc. (NYSE:ES) in or traceable to the its initial public offering on or about November 14, 2007 and/or its offering of securities on or about July 24, 2008, as well as EnergySolutions, Inc. (Public, NYSE:ES) common stock between November 14, 2007 and October 14, 2008, have certain options and there are strict and short deadlines running. Deadline: December 08, 2009. Those ES investors should contact the Shareholders Foundation, Inc. at:

Email: mail@shareholdersfoundation.com  

Or at: +1 (858) 779 - 1554

Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
_____________________________________________________________________________________

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Advertising. The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Fax:+1-(858)-605-5739
Address:3111 Camino Del Rio North - Suite 423 -
Zip:92108
City/Town:San Diego
State/Province:California
Country:United States
Industry:Banking, Business, Finance
Tags:, , , energy solutions inc, energysolutions inc,
Last Updated:Oct 10, 2009
Shortcut:http://prlog.org/10371551
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