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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 13, 2025 in enCore Energy Corp. Lawsuit – EU
enCore EnergyenCore Energy(US:EU) GlobeNewswire News Room·2025-05-12 17:17

Core Points - enCore Energy Corp. (NASDAQ: EU) 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][4] - 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] Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of May 13, 2025, to seek lead plaintiff status [4] - There is no cost or obligation for shareholders to participate in the case, and they will be enrolled in a portfolio monitoring software for status updates [4] - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders and aims to protect investors' rights against deceit and fraud [5]