Class Action Filed Against NuScale Power Corporation (SMR) Seeking Recovery for Investors - Contact Levi & Korsinsky
NuScaleNuScale(US:SMR) Prnewswire·2026-03-11 13:00

Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation, alleging securities fraud that affected investors between May 13, 2025, and November 6, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that NuScale made false statements regarding ENTRA1 Energy LLC, asserting that ENTRA1 had no significant experience in building or operating nuclear power projects [1] - It is alleged that NuScale entrusted its commercialization and deployment of its Power Modules to ENTRA1, which lacked the necessary experience in nuclear energy generation [1] - The complaint indicates that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, another entity without significant nuclear power experience [1] - As a result of these misrepresentations, NuScale's commercialization strategy faced undisclosed risks, including potential failures, delays, and regulatory challenges [1] Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until April 20, 2026, to request to be appointed as lead plaintiff in the case [1] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [1] Group 3: Law Firm Background - Levi & Korsinsky, the law firm representing the investors, has a history of securing significant recoveries for shareholders and is recognized as one of the top securities litigation firms in the United States [1]

Class Action Filed Against NuScale Power Corporation (SMR) Seeking Recovery for Investors - Contact Levi & Korsinsky - Reportify