EnCore Energy Faces Class Action Amidst Stunning Stock Decline of 46.4%
EnCore Energy Faces a Class Action Lawsuit
In a significant legal development, enCore Energy Corp. finds itself embroiled in a class action lawsuit that comes on the heels of a staggering 46.4% decline in its stock price. The allegations, brought forward by Wolf Haldenstein Adler Freeman & Herz LLP, claim that the company made misleading statements and omitted crucial information about its financial condition, thereby infringing on the rights of investors who purchased securities within a specified timeframe.
Background of the Case
The lawsuit, filed in the United States District Court for the Southern District of Texas, represents all individuals and entities who acquired enCore securities between March 28, 2024, and March 2, 2025. During this period, enCore reported a catastrophic net loss of $61.3 million for fiscal year 2024, more than double that of the preceding year. This dire financial report was further compounded by revelations of a
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