Berger Montague Files Securities Fraud Class Action Against Fermi Inc

Reuters02-24

Berger Montague Files Securities Fraud Class Action Against Fermi Inc

A securities fraud class action has been filed against Fermi Inc. on behalf of investors who bought the company’s securities between Oct. 1, 2025 and Dec. 11, 2025, including in its IPO. The suit alleges Fermi misled investors about tenant demand and the funding status for its Project Matador data center campus, including reliance on a single tenant’s financing commitment. Fermi disclosed on Dec. 12, 2025 that its first tenant terminated a $150 million construction funding agreement, after which the shares fell about 34%. Investors have until March 6, 2026 to seek lead plaintiff status.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fermi Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202602240951NEWSFILECNPR____20260224_284813_1) on February 24, 2026, and is solely responsible for the information contained therein.

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