SAN FRANCISCO, March 31, 2025 (GLOBE NEWSWIRE) -- A securities class action has been filed against enCore Energy Corp. (NASDAQ: EU), a uranium extraction company positioning itself as "America's Clean Energy Company," which saw its stock plummet 46% on Mar. 3, 2025, following a series of troubling disclosures. The suit, captioned Zhongjian v. enCore Energy Corp., et al., No. 4:25-cv-01234 (S.D. Tex.), seeks to represent investors who purchased enCore securities between March 28, 2024 and March 2, 2025. Prom ...

SAN DIEGO, March 31, 2025 /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired enCore Energy Corp. (NASDAQ: EU) securities between March 28, 2024 and March 2, 2025. EnCore engages in the acquisition, exploration, and development of uranium resource properties in the U.S. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Inve ...

Core Points - enCore Energy Corp. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements during the class period from March 28, 2024, to March 2, 2025 [3] - The allegations include a lack of effective internal controls over financial reporting, inability to capitalize certain exploratory and development costs under GAAP, and a substantial increase in net losses as a result [3] - The lawsuit claims that the defendants' positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [3] Shareholder Information - Shareholders who purchased shares during the specified class period are encouraged to register for the class action and can seek lead plaintiff status by the deadline of May 13, 2025 [4] - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [4] - There is no cost or obligation for shareholders to participate in this case [4] Legal Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that led to artificial inflation of stock prices [5]

Shareholders who purchased shares of EU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: NEW YORK, March 31, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of enCore Energy Corp. (NASDAQ: EU). https://securitiesclasslaw.com/securities/encore-energy-corp-loss-submission-form/?id=139421&from=4 CLASS PERIOD: March 28, 202 ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased enCore Energy Corp. securities between March 28, 2024, and March 2, 2025, of the May 13, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased enCore securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 13, 2025 [2] - The lawsuit claims that enCore made false and misleading statements regarding its financial reporting and internal controls, leading to increased net losses and materially misleading positive statements about its business [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3] - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been ranked highly for its performance in securities class action settlements [3]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against enCore Energy Corp due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by May 13, 2025 [2][5]. Financial Performance - enCore reported a net loss of $61.3 million for fiscal 2024, which is more than double the net loss of $25.6 million from the previous fiscal year [4]. - The company cited the inability to capitalize certain exploratory and development costs under U.S. GAAP as a significant factor impacting its financial results [4]. Internal Controls and Management Changes - enCore identified a "material weakness" in its internal controls over financial reporting, attributed to an ineffective control environment [4]. - The company appointed a new acting Chief Executive Officer on March 2, 2025, following the departure of Paul Goranson from the CEO position and the board of directors [4]. Stock Market Reaction - Following the announcement of its fiscal results and management changes, enCore's stock price fell by $1.17, or 46.4%, closing at $1.35 per share on March 3, 2025, amid unusually heavy trading volume [4].

Core Viewpoint - enCore Energy Corp. is facing a class action securities lawsuit due to alleged securities fraud that occurred between March 28, 2024, and March 2, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that enCore Energy lacked effective internal controls over financial reporting [2] - It is alleged that enCore could not capitalize certain exploratory and development costs under GAAP, leading to a substantial increase in net losses [2] - Defendants' positive statements regarding the Company's business and prospects were materially misleading and lacked a reasonable basis [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 13, 2025, to request to be appointed as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

NEW YORK, March 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of enCore Energy Corp. (NASDAQ: EU).Shareholders who purchased shares of EU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/encore-energy-corp-loss-submission-form/?id=138838&from=4 CLASS PERIOD: March 28, 2024 t ...

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of enCore Energy Corp. (NASDAQ: EU). Shareholders who purchased shares of EU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/encore-energy-corp-loss-submission-form/?id=138525&from=3  CLASS PERIOD: March 28 ...

Group 1 - The Schall Law Firm has initiated a class action lawsuit against enCore Energy Corp for violations of the Securities Exchange Act of 1934 [1][4] - The lawsuit pertains to investors who purchased enCore's securities between March 28, 2024, and March 2, 2025, and encourages them to contact the firm before May 13, 2025 [2][3] - The complaint alleges that enCore made false and misleading statements regarding its financial performance, specifically citing a material weakness in internal controls over financial reporting [4] Group 2 - The company attributed its weak performance in fiscal year 2024 to an ineffective control environment, which led to ineffective risk assessment and monitoring activities [4] - The public statements made by enCore during the class period are claimed to be false and materially misleading, resulting in investor damages when the truth was revealed [4]