An investigation on behalf of current long term investors in Uranium Energy Corp. (NYSEMKT:UEC) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSEMKT:UEC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/06/2015 -- An investigation for shareholders in NYSEMKT:UEC shares concerning potential breaches of fiduciary duties by certain directors and officers of Uranium Energy was announced.
Investors who are current long term investors in Uranium Energy Corp. (NYSEMKT:UEC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm for current long term investors in NYSEMKT:UEC stocks follows a lawsuit filed against Uranium Energy Corp. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSEMKT:UEC stocks, concerns whether certain Uranium Energy officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges 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.
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.
Those who purchased shares of Uranium Energy Corp. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego