NuScale Investors Face April 20 Deadline in Securities Suit Over ENTRA1 Claims

Overview

• A putative securities class action, Truedson v. NuScale Power Corp., No. 3:26-cv-00328, is pending in the U.S. District Court for the District of Oregon alleging violations of Exchange Act Sections 10(b) and 20(a).
• The proposed class covers purchases of NuScale Class A shares from May 13 to November 6, 2025, with law firms urging investors to meet an April 20, 2026 deadline to seek lead-plaintiff status.
• Plaintiffs allege NuScale overstated ENTRA1’s capabilities and entrusted commercialization and hundreds of millions in company funds to a partner with no significant project track record.
• The complaint asserts that experience attributed to ENTRA1 actually referred to principals of the Habboush Group, which lacks nuclear power credentials.
• NuScale’s November 6, 2025 disclosure of $519 million in quarterly G&A expenses, including a $495 million payment tied to a TVA agreement with ENTRA1, was followed by a roughly 14% share-price drop.