The lawsuit is for purchasers of the common stock of EnergySolutions, Inc. (NYSE: ES) who purchased their shares between November 14, 2007 and October 14, 2008.
The lawsuit alleges that the Company made statements during the above mentioned time period regarding its business, operations and prospects that were false and misleading. Specifically, the lawsuit alleges that the Company failed to disclose to investors, among other things, that its optimistic business projections were based on the NRC changing one of the NRC's longstanding Rules which the Company filed a Petition with the NRC to change, but which the Company knew it had almost no chance of actually convincing the NRC to change.
On October 14, 2008, EnergySolutions issued a press release that revealed, among other things, that the Company was reducing its estimates for net income and that the NRC denied the Petition for rulemaking change. Following this announcement, the price of EnergySolutions’ stock collapsed 44% from $10.14 per share on October 13, 2008 to close at $5.64 per share on October 14, 2008 on extremely heavy volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you purchased common stock in EnergySolutions, Inc. (NYSE: ES) between November 14, 2007 and October 14, 2008 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Case Summary
Join the Class Action
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I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
Terms:
correct statements.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.
