Lawsuit Against US Fuel Corporation Dismissed
ATCO, N.J., June 12, 2013 /PRNewswire/ -- US Fuel Corporation, (OTC: USFF), announced that on June 7, 2013, the Franklin Circuit Court of the Commonwealth of Kentucky entered an order dismissing the complaint filed by Scott Schrader on 30 September 2010 as Case No 10-CI-01548, naming as defendants Nuclear Solutions, Fuel Frontiers and two individuals. US Fuel's former name was Nuclear Solutions and Fuel Frontiers was a wholly owned subsidiary of US Fuel that was dissolved in September, 2012.
In the lawsuit, plaintiff alleged a dispute over an investment in Nuclear Solutions and presented claims for:
- Breach of Contract
- Negligent/Intentional Misrepresentations
- Fraud and Fraudulent Inducement
- Unjust Enrichment
- Breach of Constructive or Resulting Trust
Plaintiff sought actual and punitive damages. The Court granted Defendants' motion to dismiss and dismissed the action "without prejudice based on lack of personal jurisdiction and improper venue (forum non conveniens)."
About US Fuel Corporation
US Fuel Corporation (OTC: USFF) designs, builds, owns and operates scalable facilities that will convert coal into high quality liquid fuels, including ultralow sulfur diesel and jet fuel. www.usfuelcorporation.com
Disclaimer: Forward Looking Statements
This release contains statements relating to future results which are forward-looking statements. These statements are not historical facts and are not guaranteed, but instead represent only the good faith belief of US Fuel management as of the date of this release. Future events are by their nature inherently uncertain and outside of US Fuel's control. It is possible that US Fuel's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions of securities laws in force as of the date of this release. US Fuel does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.
Contact at US Fuel:
Paul F. Adams
Chief Operating Officer
856 753 1046
[email protected]
www.USFuelCorporation.com
SOURCE US Fuel Corporation
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