Pomerantz Investigates NuScale Investor Claims
This is a NuScale news story, published by Nuclear Engineering International, that relates primarily to Pomerantz LLP news.
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•NuScale faces investor fraud investigation
83% Informative
US law firm Pomerantz LLP is investigating claims on behalf of investors of NuScale Power Corporation .
The investigation concerns whether NuScale and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Hunterbrook Media reported that the SEC was conducting an “active and ongoing” investigation into NuScale .
NuScale appeared to be leading the field to deploy the first small modular reactor ( SMR ) In January 2024 , NuScale had to lay off 28% of its workforce.
NuScale ’s application for NRC approval of a 77 MWe version is on track to conclude by mid-2025 .
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