SMR - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages NuScale (SMR) Investors with Substantial Losses to Contact Firm's Attorneys Securities Fraud Class Action Filed | Benzinga

SAN FRANCISCO, Dec. 01, 2023 (GLOBE NEWSWIRE) --  Hagens Berman urges NuScale Power Corporation (NYSE:SMR) investors who suffered substantial losses to submit your losses now.

Class Period: Mar. 15, 2023 – Nov. 8, 2023
Lead Plaintiff Deadline: Jan. 16, 2024
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NuScale Power Corporation (NYSE:SMR) Securities Fraud Class Action:

The complaint challenges NuScale's disclosures concerning the commercial prospects of its key agreements with the Utah Associated Municipal Power Systems ("UAMPS") for its Carbon Free Power Project ("CFPP") and with datacenter service provider Standard Power.

Specifically, the complaint alleges that Defendants misrepresented and concealed that: (1) due to the inflationary impact on cost of construction and power, NuScale and UAMPS would be unable to sign up enough subscribers to fulfill the CFPP; and (2) Standard Power did not have the financial ability to support its agreement with NuScale.

Investors began to learn the truth on Oct. 19, ...

SMR) Investors with Substantial Losses to Contact Firm's Attorneys, Securities Fraud Class Action Filed>Full story available on Benzinga.com