Investors who bought NuScale Power securities earlier this year sued the Corvallis company and four executives on Wednesday, alleging the executives overstated NuScale’s financial health and competitive position, failed to disclose stalled projects, and sold shares for more than $3.25 million while the stock price was high. They filed the complaint November 11 in the U.S. District Court of Oregon and alleged violations of federal securities laws. Those claims have not been established in court.
The suit reaches a Corvallis company whose small modular reactor technology was invented and researched at Oregon State University. In 2023 NuScale became the first American firm to receive federal approval for one of its designs. Shareholders say they didn’t learn until September that the company’s two biggest projects were troubled. Oregon Public Broadcasting reported that they want class-action designation, a jury trial, and a judgment requiring NuScale and the four executives to compensate investors for losses. The company didn’t immediately respond to a request for comment.
What the Complaint Alleges
The lawsuit alleges that four executives intentionally overstated NuScale’s competitive advantage and financial health in order to inflate the stock price. Investors also allege the executives misled the public about financial solvency and about progress in the nuclear technology. The complaint says they failed to disclose stalled projects while other nuclear companies advanced their reactor designs.
The buyers purchased securities earlier in 2026, and they are not asking to proceed only for themselves. A complaint for violations of the federal securities laws asks the court to designate the action a class action, award compensatory damages to the plaintiff and other class members, and grant a jury trial. Class designation is the mechanism that would let named buyers stand in for others. The request runs against NuScale and against four executives personally…