Recent Security Class Actions

NuScale Power Corporation Class A Common Stock (NYSE: SMR)

Company Name:NuScale Power Corporation Class A Common Stock
Stock Symbol:NYSE: SMR
Class Period Start:03/15/2023
Class Period End (inclusive):11/08/2023
Filing Deadline:01/15/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges that Defendants misled investors by failing to disclose that (1) due to the impact of inflationary pressures on the cost of construction and power, the Company and UAMPS would be unable to sign up enough subscribers to fulfill the CFPP; (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.