Overview
- The lawsuit, captioned Truedson v. NuScale Power Corporation, No. 3:26-cv-00328, was filed in the U.S. District Court for the District of Oregon.
- The class period covers purchases of NuScale Class A common stock between May 13, 2025 and November 6, 2025.
- Plaintiffs allege NuScale misrepresented ENTRA1’s experience and role in commercializing the company’s small modular reactor technology.
- NuScale disclosed on November 6, 2025 that general and administrative expenses rose to $519 million due largely to a $495 million payment to ENTRA1, followed by a stock drop of about 12.4% over two trading days.
- The complaint asserts claims under Sections 10(b) and 20(a), and law firms including Kessler Topaz Meltzer & Check and Bleichmar Fonti & Auld are soliciting investors to participate.