NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of NuScale Power Corporation (“NuScale” or “the Company”) (NYSE: SMR). Investors who purchased NuScale securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/SMR.
Investigation Details
On July 29, 2024, Hunterbrook Media (“Hunterbrook”) reported that “[t]he U.S. Securities and Exchange Commission’s Division of Enforcement is conducting an ‘active and ongoing’ investigation into NuScale”, citing the “SEC’s July 24 response to an open records request obtained by Hunterbrook[.]” Although the SEC’s response to Hunterbrook’s request did not provide details regarding the subject of its investigation, Hunterbrook’s report noted that “the U.S. Nuclear Regulatory Commission raised significant questions about NuScale’s risk mitigation plans for one of its reactor designs” and further asserted that “after a decade and a half of research and development, NuScale has yet to commercialize any reactors.” On this news, NuScale’s stock price fell $1.35 per share, or 12.44%, to close at $9.50 per share on July 29, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased NuScale securities, you can assist this investigation by visiting the firm’s site: bgandg.com/SMR. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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