An Oregon company that has been a global leader in small nuclear reactors is facing a lawsuit from shareholders who say top executives artificially inflated stock prices before cashing out.
Investors who purchased securities in NuScale Power Corp. earlier this year are suing the company, saying its top executives misled the public about the company’s financial solvency and success in advancing nuclear technology. They filed their legal complaint in the U.S. District Court of Oregon on Wednesday, alleging the company violated federal securities laws.
The company did not respond immediately to a request for comment…