Class Action Lawsuit Filed Against enCore Energy Corp.
New York, March 28, 2025 – Levi & Korsinsky, LLP announces that a class action securities lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased enCore Energy Corp. (“enCore Energy” or the “Company”) (NASDAQ: EU) securities between March 28, 2024 and March 2, 2025. The lawsuit seeks to recover damages on behalf of these investors.
Class Definition
The complaint alleges that throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that:
- enCore Energy had overstated the potential of its oil and gas reserves;
- enCore Energy’s financial statements contained material misstatements;
- enCore Energy’s internal controls were inadequate;
- enCore Energy’s revenue growth was due in part to improperly recorded sales;
As a result of this information becoming public, the price of enCore Energy securities fell significantly, causing investors harm.
Effects on Individual Investors
If you purchased enCore Energy securities during the Class Period, you may be entitled to recover your losses, including damages for any financial losses sustained. If you wish to serve as lead plaintiff, you must meet certain requirements set forth in the applicable law. You do not need to seek approval from the court or the defendant to be included in the class. For more information, please contact Levi & Korsinsky, LLP.
Effects on the World
The securities fraud allegations against enCore Energy could have far-reaching consequences beyond the investors directly affected. The Company is a key player in the energy sector, and its actions could impact the confidence of investors in the sector as a whole. The lawsuit could also lead to increased regulatory scrutiny of other energy companies and potential changes to industry standards.
Conclusion
The filing of this class action securities lawsuit against enCore Energy Corp. highlights the importance of accurate financial reporting and internal controls. Investors should be vigilant in monitoring their investments and seeking legal recourse when necessary. If you believe you may be affected by this lawsuit, please contact Levi & Korsinsky, LLP for a free consultation.
Levi & Korsinsky, LLP has extensive expertise in prosecuting securities litigation and complex securities transactions. The firm has recovered hundreds of millions of dollars for aggrieved investors. For more information, please visit https://www.zlk.com/securities/encore-energy-corp.
