Globenewswire·2026-03-19 19:41Core Viewpoint - Class actions have been initiated for stockholders of Ostin Technology Group Co., Ltd. and NuScale Power Corporation, with specific deadlines for investors to petition the court to serve as lead plaintiff [1] Ostin Technology Group Co., Ltd. (NASDAQ:OST) - The class period for Ostin is from May 11, 2025, to June 26, 2025, with a lead plaintiff deadline of April 17, 2026 [4] - A criminal indictment was unsealed on September 12, 2025, charging co-CEO Lai Kui Sen and financial advisor Yan Zhao with conspiracy to commit securities fraud, wire fraud, and securities fraud, alleging a scheme that generated over $110 million in illicit proceeds [4] - The indictment claims that from April 2025, Lai Kui Sen and co-conspirators executed fraudulent securities offerings, placing the majority of Ostin shares in the hands of at least fifteen co-conspirators for minimal or no cost [4] - The fraudulent campaign inflated Ostin's market capitalization from approximately $22 million to over $1 billion, with a peak stock price of $9.40 on June 26, 2025 [4] - On June 26, 2025, Ostin investors faced significant losses, with over $950 million (over 94%) of market capitalization lost in a single day, as the stock price fell from an intraday high of $9.40 to a closing price of $0.55 [4] NuScale Power Corporation (NYSE:SMR) - The class period for NuScale is from May 13, 2025, to November 6, 2025, with a lead plaintiff deadline of April 20, 2026 [4] - The lawsuit alleges that defendants made false statements and failed to disclose that ENTRA1 Energy LLC had no significant experience in building or operating nuclear power projects, which posed undisclosed risks to NuScale's commercialization strategy [4] - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading information regarding ENTRA1's qualifications and experience [4]