SMR - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against NuScale Roblox and ChargePoint and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 06, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of NuScale Power Corporation (NYSE:SMR), Roblox Corporation (NYSE:RBLX), and ChargePoint Holdings Inc. (NYSE:CHPT). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
NuScale Power Corporation (NYSE:SMR)
Class Period: March 15, 2023 - November 8, 2023
Lead Plaintiff Deadline: January 16, 2024
Throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company's business, operations, and prospects. Defendants misled investors by failing to disclose that (1) because of the effect of inflationary pressures on the cost of construction and power, the Company and UAMPS would be unable to sign up enough subscribers to fulfill the CFPP; (2) Standard Power did not have the financial ability to support its agreement with NuScale; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
For more information on the NuScale class action go to: https://bespc.com/cases/SMR
Roblox Corporation (NYSE:RBLX)
Class Period: March 10, 2021 - February 15, 2022
Lead Plaintiff Deadline: January 26, 2024
Roblox operates a platform that provides developers with tools to create online games and hosts the games on its servers. Roblox generates revenue by selling its proprietary currency (called "Robux") to its users so they can purchase digital items (e.g., weapons, armor, or vehicles) to enhance their gaming experiences.
The Complaint alleges that throughout the Class Period, Roblox reported strong bookings and revenue growth. The Company attributed this growth to various factors, including the positive effect from COVID stay-at-home orders, its technology investments, and "high-quality" gaming content. However, Defendants misled ...