#United States #Class Action #Securities Fraud #Radnor #NuScale Power

NuScale Power Corporation Class Action Lawsuit: What Investors Need to Know

On March 9, 2026, Kessler Topaz Meltzer & Check, LLP announced a securities fraud class action lawsuit against NuScale Power Corporation, symbolized as SMR on the New York Stock Exchange. This legal action is directed at investors who purchased NuScale's Class A common stock during the period from May 13, 2025, to November 6, 2025. The class action was filed in the United States District Court for the District of Oregon, under case number 326-cv-00328.

Allegations Against NuScale Power

The lawsuit claims that NuScale misled investors through material misstatements and significant omissions regarding its commercialization strategy for nuclear power projects. Specific allegations include:
1. Misrepresentation of Partnership: NuScale allegedly partnered with ENTRA1 Energy LLC, which had no proven track record of building or operating nuclear energy projects. This lack of experience directly contradicted claims made by NuScale about the capabilities of ENTRA1.
2. Financial Revelations: On November 6, 2025, NuScale's financial report revealed a staggering increase of over 3,000% in general and administrative expenses for the third fiscal quarter, leaping from $17 million to $519 million. The exorbitant expenses were largely attributed to significant payments to ENTRA1 for their collaboration, leading to a catastrophic quarterly net loss of $532 million, compared to $46 million the previous year.
3. Share Price Impact: Following the disclosure of these financial woes, NuScale’s stock plummeted 14.4%, dropping from $37.91 to $32.46 per share, translating to a loss of $5.45 per share in a single day.

Understanding the Class Action Process

Investors in NuScale Power who experienced financial loss due to these actions are encouraged to consider becoming lead plaintiffs in this lawsuit. The deadline for filing as a lead plaintiff is April 20, 2026. Interested investors are urged to contact Kessler Topaz Meltzer & Check, LLP for guidance on potential recovery options available at no upfront cost. The firm is known for its expertise in securities fraud litigation, representing both individual investors and institutional entities.

Next Steps for Affected Investors

• - Contact Legal Counsel: Investors can reach out to Attorney Jonathan Naji at Kessler Topaz for a free evaluation of their case and discuss potential legal action without any financial obligation.
• - Consider Your Options: Investors have the option to apply to be lead plaintiffs or choose to remain an absent class member in the proceedings.
• - Stay Informed: It's crucial for investors to understand that their rights to recovery are not dependent on whether they serve as lead plaintiffs. The class action will proceed independently while ensuring all members are represented.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz is a prominent law firm that specializes in securities litigation and aims to protect global investor rights. With a successful track record, the firm has accomplished over $25 billion in recoveries for investors emanating from securities fraud cases. Renowned in the legal community, Kessler Topaz has received various accolades for its advocacy and results in plaintiffs' law.

Conclusion

This class action lawsuit against NuScale Power Corporation is a pivotal moment for affected investors, highlighting the importance of investor awareness and vigilance against potential fraud in securities. Those who believe they have been misled have the opportunity to seek justice and recovery through this class action, and should act promptly to secure their rights before the impending deadline.