NuScale Power Corporation (SMR) Securities Fraud Class Action Lawsuit Filed; April 20, 2026, Lead Plaintiff Deadline

Core Viewpoint - A securities fraud class action lawsuit has been filed against NuScale Power Corporation, alleging that the company made false statements regarding its commercialization strategy and the experience of its partner, ENTRA1 Energy LLC, during the class period from May 13, 2025, to November 6, 2025 [1][2][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the District of Oregon, under the case caption Truedson v. NuScale Power Corporation, et al, Case No. 3:26-cv-00328 (D. Or.) [1]. - Investors have until April 20, 2026, to file for lead plaintiff status [1][3]. - The complaint alleges that NuScale misrepresented ENTRA1's capabilities, claiming it had experience in nuclear power generation, which it did not possess [2][3]. Group 2: Financial Impact - On November 6, 2025, NuScale reported a significant increase in general and administrative expenses, which rose over 3,000% to $519 million from $17 million in the prior year period, primarily due to a payment of $495 million to ENTRA1 [3][5]. - As a result of these financial disclosures, NuScale's quarterly net loss increased to $532 million, up from $46 million in the previous year [5]. - Following this announcement, NuScale's stock price dropped by $5.45 per share, or approximately 14.4%, closing at $32.46 on November 6, 2025, down from $37.91 the previous day [5].