NuScale Power Corporation Faces Class Action Lawsuit Amid Allegations of Securities Fraud

Class Action Lawsuit Against NuScale Power Corporation

A class action lawsuit has been initiated against NuScale Power Corporation, a company listed on the NYSE under the symbol SMR. This legal action comes in response to claims of securities fraud impacting investors during the period from May 13, 2025, to November 6, 2025. The law firm Levi & Korsinsky, LLP, representing the affected shareholders, has issued a notification encouraging investors to participate in the lawsuit aimed at recovering financial losses incurred due to alleged misleading statements made by the company.

Allegations of Wrongdoing

According to the lawsuit, the allegations highlight that NuScale made several false declarations that concealed crucial information about its operations and affiliations. The suit claims:

1. Lack of Relevant Experience: The complaint asserts that ENTRA1 Energy LLC, a company with whom NuScale reportedly partnered, had never successfully constructed, funded, or operated any significant projects in the nuclear power sector, which is a highly specialized field. This lack of relevant experience is argued to undermine the credibility of NuScale’s business model, which relied heavily on ENTRA1's involvement in the commercialization of its power modules.

2. Misleading Qualifications: It has been alleged that the qualifications attributed to ENTRA1 were deceptive and that they actually referred to the competencies of the Habboush Group, which does not have adequate experience in nuclear energy generation either. This misrepresentation led to a false perception of the capabilities and viability of NuScale’s projects, putting their future and investors' capital at risk.

3. Undisclosed Risks: As a result of the aforementioned issues, it is claimed that NuScale's approach to commercialization faced significant undisclosed risks which could lead to project delays, regulatory hurdles, or potential failures—issues not communicated to investors prior to their financial commitments.

What Investors Can Do

Investors who suffered losses while holding shares of NuScale Power must act quickly. The deadline to request to be appointed as lead plaintiff in this class action is April 20, 2026. This opportunity allows aggrieved parties a chance to be at the forefront of the legal action against the company. Importantly, being a lead plaintiff is not a prerequisite to receiving compensation; individuals can still participate in the lawsuit without that designation.

Costs and Participation

One of the significant aspects of this lawsuit is that individuals participating in the class action will not incur any out-of-pocket expenses for legal representation. Levi & Korsinsky has a long-standing history of advocating for shareholders, recovering hundreds of millions in damages across various cases over the last two decades. Those wishing to join can do so without upfront fees, which makes this an appealing option for affected investors.

Levi & Korsinsky's Track Record

Levi & Korsinsky has built a reputation for excellence in securities litigation. With a dedicated team of over 70 professionals, the firm has consistently ranked among the top securities litigation firms in the United States as per ISS Securities Class Action Services. Their expertise provides comfort to investors looking to navigate the complexities of such a high-stakes lawsuit.

Conclusion

The allegations against NuScale Power Corporation underline the importance of transparency and accountability in the corporate sector, particularly in high-stakes industries like nuclear energy. For those impacted by potential securities fraud between May and November 2025, it is crucial to understand their rights and the options available for seeking justice and recovery. Affected individuals are encouraged to contact Levi & Korsinsky, LLP for details on participating in the class action and for further assistance.

For inquiries, potential plaintiffs may reach out directly to Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500.