Investigation Alert: NuScale Power – Johnson Fistel, LLP Encourages Long-Term Investors to Reach Out for More Information
Johnson Fistel, LLP, investigates potential violations of federal and state laws by certain officers of the companies of NuScale Power Corporation (NYSE: SMR).
If you are a current, long-term shareholder of NuScale Power, join our action below:
Recently a class action lawsuit was filed against the company. 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, Defendants misled investors by failing to disclose that (1) because of the effect 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.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com