Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has initiated an investigation into NuScale Power Corp. on behalf of NuScale stockholders. The investigation aims to determine whether NuScale has violated federal securities laws or engaged in other unlawful business practices.
The investigation comes after Hunterbrook Media reported on July 29, 2024, that the U.S. Securities and Exchange Commission’s Division of Enforcement is actively investigating NuScale. The report cited the SEC’s response to an open records request obtained by Hunterbrook. While the SEC’s response did not provide specific details about the investigation’s subject, Hunterbrook’s report highlighted that the U.S. Nuclear Regulatory Commission had raised significant questions about NuScale’s risk mitigation plans for one of its reactor designs. Additionally, the report asserted that NuScale has yet to commercialize any reactors despite over a decade of research and development.
Following this news, NuScale’s stock price experienced a decline of $1.35 per share or 12.44%, closing at $9.50 per share on July 29, 2024.
If you are a NuScale shareholder who suffered a loss or have information related to these claims, Bragar Eagel & Squire, P.C. encourages you to contact Brandon Walker or Marion Passmore. They can be reached via email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out the contact form available on their website.
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm specializes in representing individual and institutional investors in various complex litigation, including commercial, securities, and derivative cases, in state and federal courts across the country.
Please note that this article is for informational purposes only and does not guarantee any specific outcomes. For more information about Bragar Eagel & Squire, P.C., please visit their website.