NuScale(US:SMR) TMX Newsfile·2026-02-24 00:44Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation on behalf of purchasers of its Class A common stock between May 13, 2025, and November 6, 2025, due to alleged misleading statements and undisclosed risks related to its commercialization strategy [1][5]. Group 1: Lawsuit Details - The lawsuit claims that NuScale's partner, ENTRA1 Energy LLC, had no significant experience in building or operating nuclear power projects, which was not disclosed to investors [5]. - It is alleged that NuScale misrepresented the qualifications of ENTRA1, attributing experience to the Habboush Group, which also lacked relevant expertise in nuclear power generation [5]. - The lawsuit asserts that these misrepresentations exposed NuScale's commercialization strategy to undisclosed risks, leading to investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased NuScale Class A common stock during the specified period may be eligible for compensation without any out-of-pocket costs through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by April 20, 2026, to represent the interests of the class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm, which is leading the class action, has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4]. - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].