According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- NNE’s purported progress toward regulatory approval for the design of its planned micro reactors and fuel fabrication plant was nonexistent;
- NNE’s timelines for commercialization were wildly optimistic, at best, and most likely impossible;
- the foregoing issues were likely to have a material negative impact on NNE’s projected revenues and growth;
- as a result, NNE’s financial position and/or prospects were overstated; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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