NuScale(US:SMR) Globenewswire·2026-03-02 21:00Core Viewpoint - A class action securities lawsuit has been filed against NuScale Power Corporation, alleging securities fraud that affected investors between May 13, 2025, and November 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that ENTRA1 Energy LLC had no significant experience in building, financing, or operating projects in nuclear power generation, which was concealed from investors [2]. - It is alleged that NuScale entrusted its commercialization and deployment of its Power Modules to ENTRA1, despite its lack of relevant experience, exposing the company to undisclosed risks [2]. - The complaint also states that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, which also lacks significant experience in nuclear power generation [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until April 20, 2026, 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, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Law 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]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [4].