U.S. Sustainable Energy Retains Thomas Gorman to Defend SEC Action
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NATCHEZ, MS, Jul 31 (MARKET WIRE) --
U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) is pleased to announce
today that it has engaged Thomas Gorman of 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.
Investor Contact:
Redwood Consultants
LLC (415) 884-0348
Copyright 2008, Market Wire, All rights reserved.
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