LEGAL GUIDES FOR INVESTORS
If you suffered losses in NuScale stock, contact NuScale stock loss lawyer Timothy L. Miles about a NuScale class action lawsuit
INTRODUCTION TO 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 charges NuScale and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in NuScale stock and wish to serve as lead plaintiff in the NuScale class action lawsuit, or just have general questions about your rights as a shareholder, at no charge, 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 six frequently asked questions from shareholders about the NuScale class action lawsuit.
what are theALLEGATIONS IN THE NUSCALE CLASS ACTION LAWSUIT?
NuScale is a nuclear power company that develops small modular reactor technology.
The NuScale class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) because of the effect of inflationary pressures on the cost of construction and power, NuScale and the Utah Associated Municipal Power Systems (“UAMPS”) would be unable to sign up enough subscribers to fulfill their Carbon Free Power Project (“CFPP”) contract; and (ii) Standard Power did not have the financial ability to support its agreement with NuScale.
The NuScale class action lawsuit further alleges that on October 19, 2023, Iceberg Research issued a research report that contradicted NuScale’s claims that it could fulfill the CFPP contract with UAMPS as well as NuScale’s contract with Standard Power. The NuScale class action lawsuit alleges that on this news, the price of NuScale stock fell more than 25% over two trading session.
The NuScale class action lawsuit additionally alleges that on November 8, 2023, NuScale and UAMPS announced that they had mutually agreed to terminate the CFPP contract because they had failed to engage enough subscribers. The NuScale class action lawsuit alleges that on this news, the price of NuScale stock fell nearly 33%.
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.
WHAT IS THE LEAD PLAINTIFF PROCESS IN THE NUSCALE CLASS ACTION LAWSUIT?
The Private Securities Litigation Reform Act of 1995 (PSLRA) permits any investor who purchased and suffered losses in NuScale stock to seek appointment as lead plaintiff in the NuScale class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in NuScale stock and have further questions, contact NuScale stock loss Lawyer Timothy L. Miles today who would fight to recover your damages in a NuScale class action lawsuit if you suffered losses in NuScale stock.
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 ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT?
Serving as a Lead Plaintiff in the NuScale class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a NuScale class action lawsuit if you suffered losses in NuScale stock.
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 PSLRA, 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.
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.
The call is free and so is the fee unless we win or settle your case. (855) TIM-M-LAW (855-846-6529).
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 National 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); Americas Most Honored Lawyers 2020 â€“ 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.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
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