Nuclear Measurements Corporation
| 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. Over the years their products have included Geiger counters, gamma and neutron detectors, survey meters, soil analyzers, and radioactive gas and particulate matter air samplers.
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.