The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the District of Oregon on behalf of shareholders of NuScale Power Corporation who purchased Class A common stock between May 13, 2025 and November 6, 2025.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) ENTRA1 Energy LLC (“ENTRA1”) had never built, financed, or operated any significant projects – let alone projects in the highly technical and complicated field of nuclear power generation – during its entire operating history; (b) NuScale had entrusted its commercialization, distribution, and deployment of its NuScale Power Modules and hundreds of millions of dollars of Company capital to an entity that lacked any significant prior experience owning, financing, or operating nuclear energy generation facilities; (c) the purported experience and qualifications attributed to ENTRA1 by defendants during the Class Period in fact referred to the purported experience and qualifications of the principals of the Habboush Group, a distinct entity without significant experience in the field of nuclear power generation; and (d) as a result of (a)-(c) above, NuScale’s commercialization strategy was exposed to material, undisclosed risks of failure, delays, regulatory challenges, or other negative setbacks.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until April 20, 2026 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
