SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP reminds investors of the August 28, 2015 lead plaintiff deadline in a securities class action lawsuit filed by the firm against Uranium Energy Corp. (NYSE: UEC). If you purchased Uranium Energy common stock during the period between October 14, 2014 through June 17, 2015 (the “Class Period”), and suffered significant losses, you are encouraged to contact the firm regarding your legal rights.
Additional Information about the Lawsuit:
Uranium Energy and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.
According to the lawsuit, Uranium Energy’s statements regarding the Company’s business and prospects were false and misleading when made. Specifically, the Complaint alleges: (1) Uranium Energy’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, Uranium Energy’s public statements were materially false and misleading at all relevant times.
On June 18, 2015, an article written by TheStreetSweeper.org reported that Uranium Energy hired a stock promotions firm to tout the stock. According to the published report, Uranium Energy paid over $200,000 for the circulation of at least eight separate promotions of the stock. On this news, shares in Uranium Energy collapsed and was down over 30% in the following days, closing at $1.80 per share on June 19, 2015.
Plaintiff seeks to recover damages on behalf of all purchasers of Uranium Energy publicly traded securities during the Class Period. If you wish to serve as a lead plaintiff, you must move the Court no later than August 28, 2015. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.