NuScale Power Executives Face Section 20(a) Liability After Shares Slump 70%
NuScale Power CEO John L. Hopkins and CFO Robert R. Hamady face Section 20(a) liability in a securities class action over alleged misstatements about ENTRA1 Energy, after shares slid from above $57 to $17. Investors can apply until April 20, 2026 to seek lead plaintiff status.
1. Securities Class Action
NuScale Power faces a Section 20(a) securities class action naming CEO John L. Hopkins and CFO Robert R. Hamady as individual defendants for alleged misrepresentations about ENTRA1 Energy LLC during the class period from May 13, 2025 through November 6, 2025.
2. Alleged Misstatements and Share Decline
The complaint contends both executives reviewed and certified public statements, filings and conference call remarks that overstated ENTRA1’s nuclear development experience, and alleges that these misrepresentations contributed to a share price decline from above $57 to $17, a drop exceeding 70%.
3. Lead Plaintiff Application Process
The court has set April 20, 2026 as the deadline for investors to apply for lead plaintiff status, allowing eligible shareholders who incurred losses to seek recovery through the pending litigation.