The Paducah Sun
The Paducah Sun
Paducah, Kentucky
Thursday, March 28, 2002

Judge rejects securities suit against USEC


BETHESDA, Md.--A federal judge has dismissed a federal securities lawsuit filed against USEC Inc. related to the initial public offering of common stock in July 1998, the company announced Wednesday.

A USEC release said Senior U.S. District Court Judge Alexander Harvey II found the prospectus contained detailed and meaningful cautionary language tailored to the specific risks that USEC faced. In addition, the court found that the lawsuits were filed after the statute of limitations had run out, the company said.

USEC supplies enriched uranium fuel for commercial nuclear power plants, and operates the Paducah Gaseous Diffusion Plant.