EnergySolutions Inc, ES Securities Fraud

October 21 2009 - by Lucy Campbell

Company:	EnergySolutions Inc,
Ticker Symbol:	ES
Class Period:	Nov-14-07 to Oct-14-08
Date Filed:	Oct-21-09
Lead Plaintiff Deadline:	Dec-20-09
Court:	Southern District of New York
Allegations:

A lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased the common stock of EnergySolutions, Inc. ("EnergySolutions, Inc." or the "Company") (NYSE: ES) in or traceable to the Company's initial public offering on or about November 14, 2007 (the "IPO") and the offering on or about July 24, 2008 (the "July 2008 Offering") (collectively, the "Offerings"), as well as purchasers of the Company's common stock between November 14, 2007 and October 14, 2008, inclusive (the "Class Period").

The complaint charges that EnergySolutions, certain directors and officers of EnergySolutions, ENV Holdings, LLC and the main underwriters for the Offerings violated federal securities laws. The complaint alleges that, throughout the Class Period, and in the offering documents for the Offerings, defendants made numerous positive statements regarding the Company's financial condition, business and opportunities in the nuclear industry.

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 financial crisis would delay EnergySolutions' ability to accelerate the decommissioning of nuclear power plant assets. On this news, the price of EnergySolutions' fell from $10.14 per share on October 13, 2008 to $5.64 on October 14, 2008.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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