Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against enCore Energy Corp.
On April 14, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a leading national securities litigation law firm, announced the filing of a class action lawsuit against enCore Energy Corp. (“enCore” or “the Company”) (NASDAQ: EU) and certain of its officers. The complaint alleges that defendants engaged in unlawful securities practices, violating provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Class Definition
This lawsuit, which seeks to recover damages for alleged securities law violations, covers all persons and entities that purchased or acquired enCore securities during the period from March 28, 2024, to March 2, 2025 (the “Class Period”).
Background
enCore Energy Corp. is an independent oil and natural gas company with a primary focus on the exploration, development, and production of oil and natural gas properties in the United States. During the Class Period, the Company issued materially false and misleading statements regarding its business, operations, and financial condition. Specifically, the complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that:
- enCore’s reported financial results for the periods in question were materially false and misleading;
- the Company’s internal controls over financial reporting were inadequate;
- enCore had failed to disclose material information regarding its operations, including the true state of its oil and natural gas reserves;
- the Company’s reported production volumes were misstated;
- enCore was experiencing significant operational challenges.
Impact on Shareholders
As a result of defendants’ alleged unlawful conduct, enCore securities traded at artificially inflated prices during the Class Period, causing investors to suffer significant losses. If you purchased or otherwise acquired enCore securities during the Class Period, you may be eligible to recover your damages.
Global Implications
This lawsuit against enCore Energy Corp. is a reminder of the importance of transparency and accuracy in financial reporting. The alleged securities law violations not only affect the Company’s shareholders but also have far-reaching implications for the global financial markets, investors, and the economy as a whole. Such actions can erode investor confidence and negatively impact the reputation of the companies involved, affecting their ability to raise capital and secure partnerships in the future.
Conclusion
Bronstein, Gewirtz & Grossman, LLC’s filing of this class action lawsuit against enCore Energy Corp. and its officers is a significant development that underscores the importance of truthful and accurate financial reporting. Shareholders who suffered losses as a result of the alleged securities law violations during the Class Period may be eligible to recover their damages. As the case progresses, the outcome will be closely watched by the investment community and beyond, as it could set a precedent for future securities litigation and have broader implications for the financial markets and the business world.
If you are a shareholder of enCore Energy Corp. and wish to discuss your legal rights, please contact Bronstein, Gewirtz & Grossman, LLC at (212) 697-6484 or [email protected].
