2009-11-30 18:25:21 - Lawsuit on behalf of certain investors of VeraSun Energy Corporation (Public, OTC:VSUNQ) against certain former VeraSun Energy executives – Deadline: January 11, 2010 – Contact the Shareholders Foundation, Inc.

An investor in VeraSun Energy Corporation (Public, OTC:VSUNQ) filed a lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of VeraSun Energy Corp. (“VeraSun”) (NYSE:VSUNQ.PK) between March 12, 2008 and September 16, 2008, over alleged securities laws violations by certain former VeraSun Energy executives.

If you purchased common stock of VeraSun Energy Corp.(NYSE:VSUNQ.PK) between March 12, 2008 and September 16, 2008, you have certain options and there are strict and short deadlines running. Deadline: January 11, 2009. Those VSUNQ investors should contact the Shareholders Foundation, Inc at mail(at)shareholdersfoundation.com or at: +1 (858) 779 – 1554.
According to the complaint the plaintiff alleges that certain of VeraSun Energy’s former

executives violated the Exchange Act by failing to disclose between March 12, 2008 and September 16, 2008 material adverse facts about the VeraSun Energy Corp.’s true financial condition, business and prospects. Then on September 16, 2008, VeraSun Energy Corp. announced that it commenced a public offering of 20 million shares of its common stock to raise money for “general corporate purposes.” The true purpose of this public offering was to raise capital in an effort to prevent a disastrous impact from the huge losses experienced by VeraSun Energy Corp. as a result of its speculative trading and risky bets on the price of corn, so the lawsuit. In response to VeraSun Energy Corp.’s announcement on September 16, 2008, shares of the Company’s stock fell $3.81 per share, or 70%, from a close of $5.22 per share before the announcement, to close at $1.41 per share on September 17, 2008, on extremely heavy trading volume. On October 31, 2008 VeraSun Energy filed for bankruptcy protection.
VeraSun Energy Corporation, located in Sioux Falls, SD, is an ethanol producer in the United States. The Company focuses primarily on the production and sale of ethanol and its co-products. VEC owns and operates five ethanol production facilities in the United States, with a combined ethanol production capacity of 560 million gallons per year (MMGY). VeraSun Energy Corporation reported in 2006 Total Revenue of $557.82million with a Net Income of $75.73million and in 2007 Total Revenue of $848.28million with a Net Income of $26.61million. Shares of VeraSun Energy Corporation (VSUNQ) traded recently at $0.006 per share. Those who purchased common stock of VeraSun Energy Corp.(NYSE:VSUNQ.PK) between March 12, 2008 and September 16, 2008, have certain options and there are strict and short deadlines running. Deadline: January 11, 2009. Those VSUNQ investors should contact the Shareholders Foundation.