Nano Nuclear Energy Inc. Class Action Lawsuit - NNE
Case Summary
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The Nano Nuclear Energy class action lawsuit seeks to represent purchasers or acquirers of Nano Nuclear Energy Inc. (NASDAQ: NNE) securities between May 8, 2024 and July 18, 2024, inclusive (the “Class Period”). Captioned Yang v. Nano Nuclear Energy Inc., No. 24-cv-06057 (S.D.N.Y.), the Nano Nuclear Energy class action lawsuit charges Nano Nuclear Energy and certain of Nano Nuclear Energy’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Nano Nuclear Energy class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Nano Nuclear Energy class action lawsuit must be filed with the court no later than October 8, 2024.
CASE ALLEGATIONS: Nano Nuclear Energy is an early stage nuclear energy company.
The Nano Nuclear Energy class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Nano Nuclear Energy’s purported progress toward regulatory approval for the design of its planned micro reactors and fuel fabrication plant was nonexistent; (ii) Nano Nuclear Energy’s timelines for commercialization were wildly optimistic, at best, and most likely impossible; (iii) these issues were likely to have a material negative impact on Nano Nuclear Energy’s projected revenues and growth; and (iv) as a result, Nano Nuclear Energy’s financial position and/or prospects were overstated.
The Nano Nuclear Energy class action lawsuit further alleges that on July 19, 2024, Hunterbrook Media published a report entitled “Fission Impossible: Nano Nuclear Has No Revenue, No Products, ‘Laughable’ Timelines, Part-Time Executives, and a $600 Million Market Cap.” On this news, the price of Nano Nuclear Energy stock fell, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Nano Nuclear Energy securities during the Class Period to seek appointment as lead plaintiff in the Nano Nuclear Energy class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Nano Nuclear Energy class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Nano Nuclear Energy class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Nano Nuclear Energy class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.