Workflow
Levi & Korsinsky Notifies enCore Energy Corp. Investors of a Class Action Lawsuit and Upcoming Deadline – EU
enCore EnergyenCore Energy(US:EU) GlobeNewswire News Room·2025-05-05 17:51

Core Points - A class action securities lawsuit has been filed against enCore Energy Corp. for alleged securities fraud affecting investors between March 28, 2024, and March 2, 2025 [1][2] - The lawsuit claims that enCore Energy lacked effective internal controls over financial reporting, could not capitalize certain exploratory and development costs under GAAP, and that these issues led to a substantial increase in net losses [2] - The positive statements made by the defendants regarding the company's business and prospects were allegedly materially misleading and lacked a reasonable basis [2] Next Steps - Investors who suffered losses during the relevant time frame have until May 13, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]