The complaint alleges that NuScale and other defendants overstated the company’s “first mover” competitive advantage and its ability to generate revenue from the RoPower Project or work for the Tennessee Valley Authority. It also claims NuScale’s commercial prospects, including its remaining cash runway, were overstated, making public statements materially false or misleading. The claims have not been established in court. The lawsuit says investors suffered losses when the alleged facts entered the market.

Investors seeking information about joining the case can visit https://rosenlegal.com/cases/nuscale-power-corporation/join, call Phillip Kim, Esq., at 866-767-3653, or email [email protected]. The firm says eligible purchasers may be able to seek compensation through a contingency-fee arrangement, with no out-of-pocket fees or costs.

The notice states that investors do not need to serve as lead plaintiff to share in a potential recovery. Until a class is certified, investors are not represented by counsel unless they retain a lawyer; they may choose their own counsel or remain absent from the case for now. The announcement was issued by Rosen Law Firm, which says it represents investors in securities class actions and shareholder derivative litigation.