NuScale Power Corporation Class Action Lawsuit - SMR

The filed complaint alleges that NuScale Power Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) because of the effect of inflationary pressures on the cost of construction and power, the Company and Utah Associated Municipal Power Systems would be unable to sign up enough subscribers to fulfill the Carbon Free Power Project; (2) Standard Power did not have the financial ability to support its agreement with NuScale; and (3) as a result, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the SMR class action lawsuit, you must have incurred a loss on shares of NuScale purchased during the class period listed above.

If you suffered a loss in NuScale during the relevant time frame or pursuant to the relevant offering(s), you have until January 16, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.