Nuclear Measurements Corporation: Difference between revisions
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| name = Nuclear Measurements Corporation |
| name = Nuclear Measurements Corporation |
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Revision as of 13:57, 15 February 2009
| Company type | Privately held corporation |
|---|---|
| Industry | Nuclear engineering |
| Founded | 1950s |
| Headquarters | , United States |
Nuclear Measurements Corporation (NMC) is a privately held company based in Indianapolis, Indiana. It is a maker of instrumentation for the nuclear industry.
History
NMC was founded in the early 1950s. Their analog products included Geiger counters, gamma and neutron detectors, survey meters, and soil analyzers. Some are now considered museum pieces.[1]
After going digital in the early 1980s, its flagship product became the PIOPS ("Programmable Input Output System"), a portable cart unit with embedded systems used to measure air samples for radioactive gases and particulate matter.
Case Law
NMC was the defendant in a 1996 lawsuit [1], DIANA MIRA, DELORES G. MIRA and JAMES O. MIRA v. NUCLEAR MEASUREMENTS CORPORATION, LARRY VAUGHN, DONALD L. DEMOSS, JOYCE M. KRAMER. that achieved some notoriety. The plaintiff, an employee, sued the company and three of its officers for damages caused by alleged breach of fiduciary responsibility and for civil violation of the RICO Act.
The allegations pertained to employee benefit payroll deductions. For a short time, and without notice to employees, NMC applied funds intended for health insurance premiums against daily operating expenses. NMC's argument was that since the business was on the verge of financial collapse, its action was justified in order to keep the business afloat and its staff employed. The Seventh Circuit Court of Appeals ruled in favor of NMC on both charges.