4 frequently asked questions about the lead plaintifff process in the nuscale class action lawsuit

If you suffered losses in NuScale stock, contact NuScale stock loss lawyer Timothy L. Miles about a NuScale class action lawsuit

INTRODUCTION TO THE THE NUSCALE CLASS ACTION LAWSUIT

​The NuScale class action lawsuit seeks to represent purchasers or acquirers of NuScale Power Corporation (NYSE: SMR) securities between March 15, 2023 and November 8, 2023 (the “Class Period”).  Captioned Sigman v. NuScale Power Corporation, No. 23-cv-01689 (D. Or.), the NuScale class action lawsuit NuScale and certain of its top current and former executive officers with violations of the​​ Securities Exchange Act of 1934.
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If you suffered losses in NuScale stock and wish to serve as lead plaintiff in the NuScale class action lawsuit, please contact NuScale Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the NuScale class action lawsuit must be filed with the court no later than January 16, 2024.

Read on for answers to five frequently asked questions about the lead plaintifff process in the NuScale class action lawsuit.

WHAT IS THE LEAD PLAINTIFF DEADLINE IN THE NUSCALE CLASS ACTION LAWSUIT?

​​When a securities class action is filed such as the NuScale class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the NuScale class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN NUSCALE STOCK?

​Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors.  Thus, if a non-U.S. investor suffered losses in NuScale stock, they may move the Court to be appointed lead plaintiff in the NuScale class action lawsuit. 

WHAT RESPONSIBILITIES WILL THE LEAD PLAINTIFF HAVE IN THE NUSCALE CLASS ACTION LAWSUIT?

​​A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the NuScale class action lawsuit.  Some of the responsibilities of the Lead Plaintiff in the NuScale class action lawsuit include:

• Selecting, monitoring, and overseeing Lead Counsel.
• Reviewing and commenting on court filings on behalf of the class.
• Discussing litigation strategies with the Lead Counsel.
• Attending depositions (if necessary) and giving a deposition.
• Attending hearings (if necessary).
• Participating in mediation and the trial (if necessary).
• Provide input on any decision concerning the settlement of the securities class action.

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE NUSCALE CLASS ACTION LAWSUIT SETTLES?

​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the NuScale class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the NuScale class action lawsuit on behalf of investors who suffered losses in NuScale stock. 

CAN I BE LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT IF I AM LEAD PLAINTIFF IN ANOTHER CASE?

​​Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in NuScale stock, you may move to be appointed lead plaintiff in the NuScale class action lawsuit.

CAN THE COURT APPOINT MORE THAN ONE LEAD PLAINTIFF IN THE NUSCALE LAWSUIT?

​Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs to oversee the NuScale​ lawsuit.

CONTACT A NUSCALE STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN NUSCALE STOCK ABOUT A NUSCALE CLASS ACTION LAWSUIT

​If you suffered losses in NuScale stock, contact NuScale stock loss lawyer Timothy L. Miles today for a free case evaluation about a NuScale class action lawsuit. Call today and see what a NuScale stock loss lawyer could do for you if you suffered losses in NuScale stock.

NuScale stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top 9National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529