Nuclear Waste Co. Hit With Securities Suits

Law360, New York (October 19, 2009, 7:34 PM EDT) -- Nuclear waste disposal company EnergySolutions Inc. has been hit with at least three proposed class actions accusing it of making misleading, overly optimistic statements to investors beginning with a November 2007 stock offering.

The most recent lawsuit was filed by the Kendall Law Group in the U.S. District Court for the Southern District of New York against EnergySolutions and several of its officers, the firm announced Monday. The defendants are accused of violating federal securities law.

The suit alleges that between the 2007 offering and October...
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