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Bragar Eagel & Squire Reminds Investors of Class Action Lawsuits Against Ostin and NuScale
Law firm encourages investors to contact them regarding securities fraud allegations.
Published on Mar. 10, 2026
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Bragar Eagel & Squire, P.C., a national shareholder rights law firm, has reminded investors that class action lawsuits have been filed against Ostin Technology Group Co., Ltd. (NASDAQ:OST) and NuScale Power Corporation (NYSE:SMR). The lawsuits allege securities fraud and other misconduct, and the law firm is encouraging investors to contact them about potentially serving as lead plaintiffs in the cases.
Why it matters
These class action lawsuits represent an effort by investors to hold the companies and their executives accountable for alleged fraudulent activities that resulted in significant losses. The outcomes could impact the companies' futures and provide compensation to affected investors.
The details
The Ostin lawsuit alleges that the company's co-CEO and a financial advisor orchestrated a scheme to artificially inflate Ostin's stock price through fraudulent securities offerings and a promotional campaign. This allegedly allowed co-conspirators to obtain Ostin shares for pennies or no cost, before the stock price crashed, wiping out over $950 million in market value. The NuScale lawsuit claims the company misled investors about the experience and qualifications of ENTRA1 Energy LLC, the entity it entrusted to commercialize and deploy its nuclear power technology, exposing the company to material risks.
- The Ostin class period is from April 2025 to June 2026.
- The NuScale class period is from May 13, 2025 to November 6, 2025.
The players
Bragar Eagel & Squire, P.C.
A nationally recognized shareholder rights law firm with offices in New York, South Carolina, and California that represents individual and institutional investors in securities, derivative, and commercial litigation.
Ostin Technology Group Co., Ltd.
A NASDAQ-listed technology company that was the target of an alleged securities fraud scheme.
NuScale Power Corporation
A NYSE-listed company that develops and deploys small modular nuclear reactor technology, which is the target of a separate class action lawsuit.
Lai Kui Sen
The co-Chief Executive Officer of Ostin Technology Group Co., Ltd. who was charged in a criminal indictment related to the alleged securities fraud scheme.
Yan Zhao
A financial advisor who was charged in the criminal indictment along with Lai Kui Sen for their roles in the alleged Ostin securities fraud scheme.
The takeaway
These class action lawsuits highlight the importance of investor protections and the need for companies to be transparent about their operations and financial activities. The outcomes could set precedents for holding executives accountable for alleged securities fraud and provide compensation to impacted investors.
