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Stocks•12 April 2026•

1 min read

Tech and Energy Firms Face Class Action Lawsuits Over Alleged Securities Fraud

Key Facts

1Kessler Topaz Meltzer & Check filed a lawsuit against NuScale Power (SMR) over misleading statements regarding its commercialization strategy.

2PayPal (PYPL) faces a lawsuit concerning its revenue outlook and anticipated growth projections.

3A lawsuit was filed against ImmunityBio (IBRX) for misleading statements regarding its lead biologic product, Anktiva.

Several publicly traded companies, including PayPal and NuScale Power, are facing a series of securities fraud class action lawsuits alleging material misstatements. Law firm Kessler Topaz Meltzer & Check filed a lawsuit against NuScale Power (SMR) regarding misleading statements about its commercialization strategy. PayPal (PYPL) is also under legal scrutiny concerning its revenue outlook and anticipated growth projections provided to the market. Additionally, ImmunityBio (IBRX) faces allegations of making misleading statements regarding its lead biologic product, Anktiva. Deadlines in April and May 2026 have been established for affected investors to seek lead plaintiff status in these legal proceedings. While such lawsuits are common in the U.S. market, they typically create negative sentiment and uncertainty regarding corporate governance and financial integrity.