SMR - Robbins LLP Reminds Investors of Lawsuit Against NuScale Power Corporation and Approaching Lead Plaintiff Deadline | Benzinga
SAN DIEGO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired NuScale Power Corporation (NYSE:SMR) securities between March 15, 2023 and November 8, 2023. NuScale is a nuclear power company that develops small modular reactor ("SMR") technology. It claims that its SMRs will "deliver safe, scalable, cost-effective and reliable carbon-free power."
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What is this Case About: NuScale Power Corporation (SMR) Misled Investors Regarding its Business Prospects
According to the complaint, on October 19, 2023, Iceberg Research issued a report contradicting NuScale's claims that it could fulfill two large contracts: (1) a contract with the Utah Associated Municipal Power Systems ("UAMPS") for its Carbon Free Power Project ("CFPP"), and (2) a contract with Standard Power, a company providing data center services ...