NEW YORK, July 30, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of Uranium Energy Corp. (NYSE:UEC) securities from October 14, 2014 through June 17, 2015, all dates inclusive. The lawsuit seeks to recover damages for Uranium Energy investors under the federal securities laws.
To join the Uranium Energy class action, go to the firm's website at http://www.rosenlegal.com/cases-656.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, the Company misstated or failed to disclose that: (1) the Company's stock achieved an unsustainable valuation by using paid stock promoters, yet failed to disclose the use of such stock promoters in its regulatory filings; and (2) as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times.
On June 18, 2015, an article published by TheStreetSweeper.org reported that Uranium Energy was using undisclosed stock promoters to increase the value of its shares. According to the article, Uranium Energy has paid over $200,000 for the publishing of at least eight separate stock promotions. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 28, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-656.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.