EnergySolutions Strikes $26M Deal To End Shareholder Suit

Law360, New York (November 20, 2012, 1:36 PM EST) -- EnergySolutions Inc. investors on Monday urged a New York federal judge to approve a $26 million settlement resolving putative class action allegations that the nuclear waste disposal company made misleading, overly optimistic statements to investors beginning with a November 2007 stock offering.

Utah-based Energy Solutions reached the agreement with lead plaintiff City of Roseville Employees Retirement System to end the long-running suit after going through a dismissal motion, discovery that produced hundreds of thousands of document pages and several months of settlement discussions, according to the...
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