NUSCALE CLASS ACTION LAWSUIT: your options as a shareholder

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

summary of the NUSCALE CLASS ACTION LAWSUIT

Contact us about a NuScale class action lawsuit if you suffered losses in NuScale stock

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, 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 to learn more about your options as a shareholder in the NuScale class action lawsuit.

---

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. 

YOU HAVE TWO OPTIONS IF YOU RECEIVE A NOTICE IN THE NUSCALE CLASS ACTION LAWSUIT

​​First, read the notice very carefully.  You have two choices.  First, you can do nothing and remain a member of the class represented by lead counsel.  Second, if you believe you have a large enough loss to justify it, you can opt out of the NuScale class action lawsuit and file your own separate lawsuit. Note, that if you opt out, you will not be able to participate in any settlement or recovery obtained in the NuScale class action lawsuit.

IF YOU RECEIVE A SETTLEMENT FROM FINRA YOU CAN STILL PARTICIPATE IN THE NUSCALE LAWSUIT

​Yes, the acceptance of restitution or compensation from a FINRA regulatory settlement does not waive your right to monetary or other benefits through the courts, arbitration, or mediation. Therefore, even if you received a settlement from FINRA, you can still participate in the NuScale lawsuit. 

YOU HAVE THE OPTION TO MOVE FOR LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT

The Private Securities Litigation Reform Act of 1995 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 will fight to recover your damages in a NuScale class action lawsuit if you suffered losses in NuScale​​ stock.

NON-U.S. INVESTORS HAVE THE OPTION TO SERVE AS LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT

​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. 

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:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against NuScale​ if you suffered losses in NuScale stock. ​

you cannot BE APPOINTED LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT IF you PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD

​ Even if you suffered losses in NuScale​ stock, if you purchased securities outside of the Class period, you will not be able to participate in the NuScale class action lawsuit.

YOU CAN be A LEAD PLAINTIFF IN THE NUSCALE CLASS ACTION LAWSUIT IF YOU ARE A LEAD PLAINTIFF IN ANOTHER CASE

​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.

YOU CAN SELL YOUR STOCK AND STILL BE A MEMBER OF THE CLASS IN THE NUSCALE CLASS ACTION LAWSUIT

​Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the NuScale class action lawsuit.

HOW A NUSCALE STOCK LOSS LAWYER CAN HELP you

A NuScale stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, they have lost money due to mistakes, incompetence, or fraud by an investment professional.

While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. 

Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.

One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).

​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. 

HOW TO KNOW IF YOU ARE A MEMBER OF THE CLASS IN THE NUSCALE LAWSUIT

​​If you purchased shares during the class period and suffered losses in NuScale stock, then you are most likely a member of the class in the NuScale class action lawsuit and may participate in the NuScale class action lawsuit since you suffered losses in NuScale​​ stock.

YOU HAVE THE OPTION OF EXCLUDING YOURSELF IN THE NUSCALE CLASS ACTION LAWSUIT

​Objecting is telling the Court you do not believe the settlement in the NuScale class action lawsuit, or some part of it, is fair or reasonable.  You can file an objection only if you stay in the Class and do not exclude yourself, and you may submit a Claim Form even if you object to the settlement.  On the other hand, requesting exclusion is explicitly telling the Court you do not want to be part of the Class or the Settlement in the class action against NuScale. If you exclude yourself, you cannot object to the Settlement because you no longer have standing as you are not a class member anymore. Similarly, you cannot submit a Claim Form. If you stay in the Class and object, but your objection is overruled, you will not be allowed a second opportunity to exclude yourself.

YOU HAVE THE OPTION OF HIRING a NUSCALE STOCK LOSS LAWYER IF YOU SUFFERED LOSSES IN NUSCALE STOCK AT NO COST

​​If you suffered losses in NuScale​ and are a member of the class, it does not cost anything to hire an NuScale stock loss lawyer.  Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and costs are awarded by the court as a percentage of the total recovery for the class.  So, contact an NuScale​ stock loss lawyer today if you suffered losses in NuScale ​stock about an NuScale class action 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 ofthe 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); 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
​Email: [email protected]