SMR - NuScale Power Corp. Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
Boston, Massachusetts--(Newsfile Corp. - November 9, 2023) - Block & Leviton is investigating NuScale Power Corp. (NYSE: SMR) for potential securities law violations. Investors who have lost money in their NuScale Power Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/smr.
What is this all about?
On October 19, 2023, Iceberg Research issued a research report that questioned if NuScale Power Corp. would be able to execute on some recent large contracts, including its contract with the Carbon Free Power Project for the Utah Associated Municipal Power Systems. The Iceberg Report stated that NuScale Power has until January 2024 to raise project commitments to 80% or risk termination and project cost refunds.
Shares of NuScale Power Corp. fell more than 10% in intraday trading on October 19, 2023.
Then after the market closed on November 8, 2023, NuScale announced that Utah Associated Municipal Power Systems and NuScale had agreed to terminate the Carbon Free Power Project.
Shares of NuScale Power Corp. dropped by more than 35% in intraday trading on November 9, 2023.
Who is eligible?
Anyone who purchased NuScale Power Corp. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. We have obtained, and are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/186830