U.S. Sustainable Energy Retains Thomas Gorman to Defend SEC Action
SOURCE:
U.S. Sustainable Energy Corp.
2008-07-31 07:30:00
U.S. Sustainable Energy Retains Thomas Gorman to Defend SEC Action
NATCHEZ, MS–(EMWNews – July 31, 2008) – U.S. Sustainable Energy Corp. (
Porter Wright Morris & Arthur to respond to the recently filed SEC
litigation matter against the Company and John Rivera, the Company’s Chief
Executive Officer.
Mr. Gorman and his firm are based in Washington, D.C. Mr. Gorman is the
Chair of Porter Wright’s Securities Litigation practice group, Co-chair of
the ABA White Collar Crime Securities Section, former partner-in-charge of
the firm’s Washington, D.C. office (2000-2007), and a former member of the
staff of Securities and Exchange Commission’s Enforcement Division and
Office of the General Counsel. He is a frequent speaker and author of
articles regarding securities litigation topics and publishes a blog, which
comments on trends and current events in SEC and DOJ securities enforcement
investigations and actions, SECActions.com. In 2007, he was selected for
inclusion in Super Lawyers in the area of securities litigation. Washington
Business Journal previously recognized him as one of the five top lawyers
in Washington, D.C.
Mr. Gorman stated, “I am pleased to be selected to defend this action
brought by the Securities and Exchange Commission and believe that this
action is without merit and has already been substantially damaging to the
Company’s shareholders. We intend to vigorously defend the Company and its
principals against these baseless allegations.”
“The retention of Thomas Gorman provides us with nationally recognized
counsel who will work vigorously to defend our Company against this action.
We have no intention of settling with the SEC in this matter as we believe
their allegations are pointless. Tom will assist us in winning this battle
and helping us move forward with the best interests of our shareholders,”
stated John Rivera.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “anticipate,” “believe,”
“estimate,” “may,” “intend,” “expect” and similar expressions identify such
forward-looking statements. Actual results, performance or achievements
could differ materially from those contemplated, expressed or implied by
the forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and are
subject to a number of risks and uncertainties. These include, but are not
limited to, risks and uncertainties associated with: the impact of
economic, competitive and other factors affecting the Company and its
operations, markets, product, and distributor performance, the impact on
the national and local economies resulting from terrorist actions, and U.S.
actions subsequently; and other factors available from the Company.
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