NuScale(US:SMR) Globenewswire·2026-03-06 21:00Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NuScale Power Corporation regarding a class action lawsuit due to allegations of misleading statements and undisclosed risks related to the company's commercialization strategy [1][3]. Group 1: Allegations - The complaint alleges that ENTRA1 Energy LLC had no significant experience in building, financing, or operating projects in nuclear power generation, which was not disclosed by NuScale [3]. - NuScale is accused of entrusting its commercialization and deployment of NuScale Power Modules to ENTRA1, an entity lacking relevant experience, exposing the company to material risks [3]. - The qualifications attributed to ENTRA1 were actually related to the Habboush Group, a separate entity without significant nuclear power experience, further misleading investors [3]. Group 2: Class Action Details - The class period for the lawsuit is from May 13, 2025, to November 6, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is April 20, 2026, and there is no cost to participate in the case [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].