USEC

USEC: gli azionisti rivogliono indietro i soldi e fanno causa (Business Wire, 3 gennaio)

Stull, Stull & Brody Announces Class Action Lawsuit Against USEC, Inc
http://library.northernlight.com/FD20010103480000017.html
Story Filed: Wednesday, January 03, 2001 8:34 PM EST

NEW YORK, Jan 3, 2001 (BUSINESS WIRE) -- The following is an announcement by the law firm Stull, Stull & Brody:

Notice is hereby given that on January 3, 2001, a securities class action complaint was filed on behalf of all persons who purchased the securities of USEC, Inc. ("USEC" or the "Company") (NYSE: USU) in, or traceable to, USEC's July 23, 1998 Initial Public Offering ("IPO"), including all purchasers between July 23, 1998 and December 2, 1999 (the "Class") (inclusive, the "Class Period").

The action is pending in the United States District Court for the Western District of Kentucky against defendants USEC, William H. Timbers Jr., (President and Chief Executive Officer), Henry Z. Shelton (Chief Financial Officer), J. William Bennett (Vice President Advanced Technology), and the following underwriter defendants: Morgan Stanley Dean Witter Co., Inc., Merrill Lynch & Co., Janney Montgomery Scott, Inc., Lehman Brothers, Prudential Securities Inc., Salomon Smith Barney and M.R. Beal & Co.

The complaint charges that defendants violated Sections 11, 12(a)(2) and 15 of the Securities Act of 1933, by filing with the SEC and disseminating a Prospectus in connection with USEC's IPO Registration Statement on July 23, 1998, which contained materially false and misleading statements of facts and omissions regarding the Company and its business. For example, as alleged in the complaint, defendants failed to adequately disclose the true risks and uncertainties that the uranium enrichment industry was subject to, and downplayed the likelihood that a long-term contract with the Russian Federation would turn unprofitable. As these undisclosed risks materialized, the Company's stock declined from its $14.25 per share IPO price to $7.375 on December 3, 1999 (a 48% decline) -- the day after USEC announced that it would continue its money-losing contract with the Russian Federation.

Plaintiff seeks to recover damages on behalf of Class members and is represented by, among others, the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 25 years and has obtained court approval of substantial settlements on numerous occasions.

If you purchased the securities of USEC in, or traceable to, USEC's July 23, 1998 IPO, including all purchasers between July 23, 1998 and December 2, 1999, inclusive, you may, no later than January 8, 2001, request that the Court appoint you as lead plaintiff, if you so choose.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at
SSBNY@aol.com, or by fax at 212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.

CONTACT:          Stull, Stull & Brody
                  Tzivia Brody, Esq., 1-800-337-4983
                  fax: 212/490-2022
                  SSBNY@aol.com
                  TICKERS: NYSE:USU

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