NuScale faces securities class action naming CEO John Hopkins and CFO Robert Hamady under Section 20(a)

Reuters03-11

NuScale faces securities class action naming CEO John Hopkins and CFO Robert Hamady under Section 20(a)

Levi & Korsinsky said a pending securities class action against NuScale names CEO John Hopkins and CFO Robert Hamady as individual defendants under Section 20(a) of the Securities Exchange Act. The firm said the suit alleges misrepresentations about NuScale’s commercialization partner, ENTRA1, including its experience and capabilities in nuclear power plant development. The statement said NuScale shares fell from above $57 to $17, a decline exceeding 70%, during the class period from May 13, 2025 through November 6, 2025. It said the lead plaintiff application deadline is April 20, 2026.

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. NuScale Power Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603110900PR_NEWS_USPR_____NY07493) on March 11, 2026, and is solely responsible for the information contained therein.

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