Uranium Energy (UEC) Says Class Action Suit Dismissed

September 29, 2016 8:51 AM EDT
Get Alerts UEC Hot Sheet
Trade UEC Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Uranium Energy Corp (NYSE: UEC) is pleased to report that the United States District Court for the Southern District of Texas has entered a final judgment in favor of UEC, dismissing the previously disclosed securities class action lawsuit against the Company. The Court dismissed the action in its entirety with prejudice to the plaintiffs. The Company further announces that on September 26, 2016, the United States Court of Appeals dismissed the plaintiffs' appeal of the decision following the plaintiffs' request for voluntary dismissal. As a result, the judgment in favor of the Company is now final. No settlement payments or any other consideration was paid by the Company to the plaintiffs in connection with the lawsuit's dismissal.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Litigation

Add Your Comment